CALLing On The FCC: B. Riley Financial Needs Your Approval [Seeking Alpha]
MAGICJACK VOCALTEC (CALL)
Last magicjack vocaltec earnings: 8/9 04:38 pm
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US:NASDAQ Investor Relations:
vocaltec.com/releases.cfm
Company Research
Source: Seeking Alpha
Summary On November 9, 2017, magicJack VocalTec Communications Ltd. (NASDAQ: CALL ) received an offer from B. Riley Financial, Inc. (NASDAQ: RILY ) where RILY will purchase all outstanding shares of CALL for $8.71 per share in cash. The deal is awaiting the Federal Communications Commission’s (“FCC”) blessing before it can consummate. But as the 1-year Merger Agreement anniversary draws near, the arbitrage spread has widened to approximately 19%, suggesting uncertainty that the deal will close. Although the market suggests this, there is a compelling argument that the deal is in the final stretch and could be a fantastic opportunity for those willing to assume the risk. There are two other Seeking Alpha articles available, found here and here , for more information about the deal. The Only Condition Remaining is FCC Approval. According to Sections 6.01(e), 7.01(b)(i) of the Merger Agreement , the only remaining condition is approval from the FCC. Section 6.01(a)-
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