Home / M&A Activity / GTSI, Unicom Merger Go-Shop Period Ends

GTSI, Unicom Merger Go-Shop Period Ends

Unicom Systems Inc.’s acquisition of GTSI Corp. appears set to go forward after the company did not accept any alternative offers over the last month, GTSI announced Monday.

The firms agreed to a 30-day go-shop period, allowing GTSI to seek other proposals for 30 calendar days and continue negotiations with other bidders.

GTSI said it received one offer letter but did not accept the offer, adding that the go-shop period expired at 11:59 p.m. Eastern time on June 6.

Unicom agreed to acquire GTSI in May for approximately $76.67 million cash, or $7.75 per share.

GTSI expects the tender offer to close in either the second or the early part of the third quarter of its 2012 fiscal year.

Check Also

DISA to Procure Cybersecurity Services Through NIH IT Contract Vehicle

The Defense Information Systems Agency will use the National Institutes of Health’s Information Technology Acquisition Assistance Contract to procure cybersecurity services instead of conducting a full and open competition for the procurement effort, Nextgov reported Tuesday.

VMware’s Bill Rowan on Tech Platforms That Could Help Agencies Modernize Employee Mobility Experience

Bill Rowan, vice president of federal sales at VMware (NYSE: VMW), wrote in a GCN article published Tuesday that there are three technologies federal agencies can adopt to transform the mobility experience of their employees and adhere to security policies and one of them is an enterprise mobility management system.