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Shutdown spurs Pareteum to extend tender for iPass

Jan. 14, 2019 11:22 AM ETPareteum Corporation (TEUM) StockBy: Jason Aycock, SA News Editor2 Comments
  • Pareteum (TEUM +0.7%) has extended a tender offer for all outstanding shares of iPass (IPAS +2.8%) due to the government shutdown.
  • That's caused delays with Pareteum's registration statement.
  • The tender is now set to expire at 5 p.m. New York City time on Feb. 12.
  • As of the end of Friday, some 4,949,254 shares were validly tendered, about 58.7% of outstanding iPass shares.

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