Orbcomm Rises on Deal to Be Bought by PE Firm GI Partners

Shares of Orbcomm (ORBC) - Get Report surged Thursday after the wireless-messaging-services company agreed to be acquired by private equity firm GI Partners for $11.50 a share cash. The enterprise value of the deal including debt is about $1.1 billion. Shares of the Rochelle Park, N.J., company at last check...