Hello, Guest!
  • Saturday, April 20, 2024

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.

Video of the Day

Related Articles

Army Begins Market Research for ACCESS Acquisition Effort Contract Awards

Army Begins Market Research for ACCESS Acquisition Effort

The U.S. Army has started soliciting information from stakeholders to help inform its acquisition approach for the planned Army Contracting Command Enterprise for Sourcing Services procurement program, also known as ACCESS. ACCESS will be the successor to the multiple-award Responsive Strategic Sourcing for Services indefinite-delivery/indefinite-quantity contract, according to a request for information published Wednesday. The

Head of DHS Procurement Paul Courtney Receives 2024 Wash100 Award From Jim Garrettson News

Head of DHS Procurement Paul Courtney Receives 2024 Wash100 Award From Jim Garrettson

Paul Courtney, chief procurement officer for the Department of Homeland Security, accepted his 2024 Wash100 Award from the award’s founder, Executive Mosaic CEO Jim Garrettson, in a recent in-person meeting. The Wash100 Award is bestowed on the 100 individuals EM’s discerning voting body determines are the foremost change-makers in government contracting and the federal sector. Candidates are evaluated

Appian VP Jason Adolf on AI & Automation’s ‘Profound Impact’ on Government Efficiency, Effectiveness Artificial Intelligence

Appian VP Jason Adolf on AI & Automation’s ‘Profound Impact’ on Government Efficiency, Effectiveness

For the past 20-plus years, Jason Adolf has helped government agencies identify and implement technologies that help them modernize for the present and the future. As vice president for global public sector at Appian, he works closely with defense and civilian agencies as well as state and local government and education institutions to help them