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GTSI Says UNICOM Maintains Superior Bid After Go-Shop Expiration

Defense Daily Staff Defense Daily Staff
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GTSI Corp. [GTSI] yesterday said that it didn’t receive a better acquisition proposal than the planned deal by UNICOM announced last month during a 30-day period that allowed the Northern Virginia-based information technology solutions provider to shop around for additional buy-out proposals. GTSI last month announced a $77 million cash offer for it by UNICOM but said at the time the pending deal had a “go-shop” window that allowed it to solicit and receive offers from other suitors (Defense Daily,…

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