Cases
iPass Inc. (IPAS)
Merger
Overview
Overview
- Date:
- 11/13/2018
- Company Name:
- iPass Inc.
- Stock Symbol:
- IPAS
- Company Name - Buyer:
- Pareteum Corporation
- Stock Symbol - Buyer:
- TEUM
- Status:
- Closed/Complete
- Merger Announcement Date:
- 11/12/2018
NEW YORK, November 13, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of iPass Inc. (Other OTC: IPAS) on behalf of stockholders concerning the proposed acquisition of the company by Pareteum Corporation (NASDAQ: TEUM).
Pursuant to the proposed transaction, announced on November 12, 2018, iPass stockholders will receive 1.17 shares of Pareteum for each share of iPass common stock owned. The investigation focuses on whether iPass and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own iPass shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.
Pursuant to the proposed transaction, announced on November 12, 2018, iPass stockholders will receive 1.17 shares of Pareteum for each share of iPass common stock owned. The investigation focuses on whether iPass and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s stockholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.
If you own iPass shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 308-1869, or by filling out the contact form below. There is no cost or obligation to you.