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

FY 2020 NDAA Includes Three Provisions for Defense Acquisition Process

The fiscal year 2020 National Defense Authorization Act that President Donald Trump signed into law on Dec. 20 contains three provisions that authorize changes to the defense procurement process and one of those concerns with intellectual property, Federal News Network reported Thursday.

Leidos Awarded Air Force IT, Telecom Support Extension

Leidos (NYSE: LDOS) will continue to provide information technology and telecommunication services to U.S. Air Force customers within the National Capital Region under a $24.9M task order modification.