After considering a sale for over two years, Hauppauge-based GlobeComm was sold recently to a Manhattan private equity firm.
According to Newsday, the sale to Wasserstein & Co. came at $14.15 per share, totaling close to $340 million.
Telecom Company Announces Bankruptcy; 130 Layoffs Looming
Personal Communications Devices of Hauppauge announced last week that as part of a bankruptcy settlement, it will be sold to an Orlando-based company, and over 130 employees will reportedly be laid off as a result.
County Limits Activity at Blydenburgh Following West Nile Sample
County health officials reported a West Nile virus sample was found in a mosquito at Blydenburgh Park in Smithtown recently, and have temporarily halted activities at the county park between the hours of 6 p.m. and 8 p.m.
The sample was one of 17 found recently by the county on Aug. 20 and Aug. 21. And the park is no stranger to West Nile, having to close down early from positive West Nile samples over the past several summers.Bavarian Inn Slated For Late September Demolition
Suffolk County Legislator John M. Kennedy Jr. told Patch that plans are in place to raze the abandoned building once occupied by the Bavarian Inn by the third week in September.
The Artful Dodger Closes Its Doors Without Notice
A Smithtown nightclub quietly closed its doors, managing to evade lingering questions about its sudden departure from Main Street.
The Artful Dodger's glass windows and doors have been covered up, it's doors locked at 43 West Main Street without notice. There isn't any sign of music or crowds gathered outside its doors on Friday nights.
Sex Offender Registers Residence in Hauppauge
A Level 1 sex offender has registered a residence within the zip code 11788, according to a letter sent to the community by the superintendent of the Hauppauge school district.