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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fibernet Telecom Grp. (MM) | NASDAQ:FTGX | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.46 | 0 | 01:00:00 |
Under the merger agreement, FiberNet shareholders will receive $11.45 in cash for each share of FiberNet stock they own for a total deal value of approximately $87 million. The price is unfair given that (i) FiberNet stock traded as high as $11.68 as recently as April 7, 2009; (ii) at least one analyst has placed a $12 price target on FiberNet stock; and (iii) the Company announced that it received a proposal to acquire the Company for $12.50 per share.
If you own common stock in FiberNet and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/ftgx1.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
CONTACT: Levi & Korsinsky, LLP Eduard Korsinsky, Esq. Juan E. Monteverde, Esq. 30 Broad Street - 15th Floor New York, NY 10006 Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com
1 Year Fibernet Telecom Grp. (MM) Chart |
1 Month Fibernet Telecom Grp. (MM) Chart |
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