IDT *(idtc) following this new issue?* Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : IDT *(idtc) following this new issue?*

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: 613	2/1/2006 8:41:55 AM
	of 30916

Never heard of this - tender for options?? They are up to something. Any ideas? Going private? IDT Corporation Announces Commencement of Tender Offer for Outstanding Stock Options; Holders of Outstanding Stock Options to Receive $2.00 Net Per Share in Cash for Each Share Of IDT Class B Common Stock Underlying Such Options February 01, 2006 NEWARK, N.J. - (BUSINESS WIRE) - Feb. 1, 2006 - IDT Corporation (NYSE:IDT, IDT.C) today announced that it has commenced an offer to purchase from eligible optionees outstanding stock options to purchase shares of IDT Class B common stock for $2.00 per share in cash. The expiration date for the tender offer is 5:00 p.m., New York City time on Friday, March 24, 2006, unless the offer is extended or withdrawn. On the expiration date, all validly tendered options not previously withdrawn will be accepted for purchase pursuant to the terms of the offer and paid for promptly thereafter. As of January 31, 2006, there were outstanding options to purchase 15,139,743 shares of IDT Class B common stock that were eligible to be tendered in the tender offer.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next