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MagicJack shareholders approve B. Riley buyout

Mar. 19, 2018 4:26 PM ETmagicJack VocalTec Communications Ltd. (CALL) StockBy: Jason Aycock, SA News Editor
  • MagicJack VocalTec (NASDAQ:CALL) got approval from shareholders at today's extraordinary general meeting for a $143M acquisition by B. Riley.
  • Of shares that voted, magicJack says more than 97% were in favor of the merger agreement.
  • The deal works out to $8.71/share; the stock closed at $8.40 today.
  • The transaction still needs some regulatory approvals and is expected to close in the first half of 2018.

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magicJack VocalTec Communications Ltd.