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Globecomm To Acquire GlobalSat Division Of Lyman Bros.

By JJ McCoy | April 25, 2007

Globecomm Systems Inc. has entered into a definitive agreement to acquire the GlobalSat division of Lyman Bros. Inc., Globecomm announced April 24.

The purchase price is $18.4 million and anticipated to be partially funded through a $16 million acquisition term loan provided by Citibank. The all-cash transaction is expected to close before the end of June.

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