ST-GG over $3.00, it was pennies yesterday. I read this news and I thought it sounded like a different STG. The PR said STG privately held....STGG is not privately held it is a publicly traded stock...but there is $1.6 million dollars in volume today for STGG...either it is the biggest mistaken identity play ever or the merger is really with STGG the penny stock.
4:04 pm ET June 9, 2015 (Benzinga) Print
Global Defense & National Security Systems Inc. (Nasdaq: GDEF) ("GDEF"), a special purpose acquisition company focused on the U.S. defense and national security sector, and privately-held STG Group, Inc. ("STG"), a leading provider of cyber, software and intelligence solutions to the U.S. government, today announced that they have entered into a definitive agreement to form a strategic business combination (the "combination"). The combination, with an approximate value of USD165.5m through a cash and stock transaction, is expected to provide STG with capabilities and capital in order to pursue growth opportunities.
