Global Crossing Gets The Go-Ahead

US-based telecoms solutions company Global Crossing announced on Wednesday that the shareholders of Argentina’s Impsat have voted to approve its proposed acquisition for $9.32 in cash for each share of Impsat common stock. The proposed acquisition represents a total equity value of around $95 million and includes Global Crossing’s assumption, refinancing and/or repayment of the Argentine telco’s debt, which was approximately $222 million as of end September 2006.