On or around 06/12/2017 (Court's order of dismissal)
Filing Date: December 09, 2016
According to the Complaint, on November 2, 2016, Inteliquent’s Board of Directors (the “Board” or “Individual Defendants”) caused the Company to enter into an agreement and plan of merger (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, shareholders of Inteliquent will receive $23.00 per share in cash.
On December 2, 2016, defendants filed a Preliminary Proxy Statement (the “Proxy Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction. The Complaint alleges the Proxy Statement omits material information with respect to the Proposed Transaction.
Pursuant to a Stipulation by the parties, this case was ordered dismissed on February 28, 2017. The Court issued an Order Closing and Terminating the action on June 12.
Company & Securities Information
Defendant: Inteliquent, Inc.
Industry: Communications Equipment
Headquarters: United States
Ticker Symbol: IQNT
Company Market: NASDAQ
Market Status: Public (Listed)
About the Company & Securities Data
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