Goremote Internet Communications (NASDAQ:GRIC)
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From Jun 2019 to Jun 2024
GoRemote Internet Communications, Inc. (NASDAQ:GRIC)
today announced that at a special meeting of its stockholders held
today, the stockholders adopted the merger agreement between GoRemote
and iPass Inc. (NASDAQ:IPAS). As previously announced on December 12,
2005, under the terms of the merger agreement, iPass will pay $1.71
per share in cash for each outstanding share of GoRemote common stock
and $3.37 per share in cash for each outstanding share of GoRemote
Series A Preferred Stock and assume outstanding GoRemote options.
GoRemote previously announced that the waiting period for U.S.
antitrust review under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976 was terminated on January 12, 2006. Subject to the
satisfaction of the closing conditions set forth in the merger
agreement, GoRemote anticipates that the transaction will close later
this week.
About GoRemote
GoRemote Internet Communications, Inc. is a leading provider of
secure managed virtual business network services, enabling customers
to achieve best-of-breed network security and to increase critical
business application performance, while reducing capital and operating
expenses associated with their network. GoRemote provides a
comprehensive portfolio of secure managed broadband network solutions
for retail and branch office environments, teleworkers/home offices
and mobile workforces. More information about GoRemote is available at
www.GoRemote.com or by calling 408-955-1920.
GoRemote, GoRemote Branch Office, GoRemote Express, GoRemote
Global Network, GoRemote Internet Communications, GoRemote Mobile
Office, GoRemote Revolution, GoRemote Teleworker, GoRemote Total
Security Protection, GoRemote Universal Remote Control, and "For the
everywhere enterprise" are trademarks of GoRemote Internet
Communications, Inc.
Forward Looking Statements
This press release contains forward-looking statements that are
subject to safe harbors created under the U.S. federal securities
laws. Forward-looking statements in this press release include
expectations about the timing of the merger and the satisfaction of
closing conditions to the transaction. Actual results may differ
materially from those contained in the forward-looking statements in
this press release. GoRemote undertakes no obligation to update these
forward-looking statements to reflect events or circumstances
occurring after this press release. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only
as of the date of this press release. All forward-looking statements
are qualified in their entirety by this cautionary statement.