idt options -- one of the things that occurred to me is that with ntop people tendering and getting cash for their shares ($2.05), there had to be considerable unrest. so this gives idt people cash. lol it does reduce the options out there, which is i suppose a play to corporate governance. you'll note that the price being paid for ntop (offered for ntop) and the price paid for the options comes roughly to what idt received from selling the telecom in russia ($130 million i believe). idt had an offer out there to buy homecall in the u.k. (legacy telephony and broadband; down british telecom lines .. as b.t. is forced to let other companies use its lines in that fashion so b.t. has 'competitors.') that offer was for $50 million, and the owner of homecall decided to back off a specific sale of the unit, and try and sell everything he owns as a package. idt may have been in the lead ... and in line for the purchase, but for the withdrawal.
IDT options –
sec.gov
Some of our options were granted under our 1996 Stock Option and Incentive Plan, as amended, which we refer to herein as the “Plan.” As of January 31, 2006, there were outstanding options to purchase 11,529,563 shares of our Class B Stock issued under the Plan that were eligible to be tendered in the Offer and outstanding options to purchase 139,578 shares of our Class B Stock issued under the Plan that were not eligible to be tendered in the Offer. As of that date there were also options to purchase 3,610,180 shares of our Class B Stock issued outside of the Plan that were eligible to be tendered in the Offer. Assuming exercise of all of the eligible options, the shares of Class B Stock issuable upon exercise of the eligible options represent approximately 21.36% of the total number of outstanding shares of our Class B Stock and 15.74% of our total outstanding common equity, in either case outstanding as of January 31, 2006.
there is a little bit of talk about where there could be an idt telecom spinoff, with the failure of the idt spectrum ipo to generate enough interest. idt has idt telecom, idt spectrum, and (more of) net2phone.
howard jonas and family have (probably now) moved back to the u.s. from israel.
sec.gov
Estimated for purposes of calculating the amount of the filing fee only. This calculation assumes the purchase of options to purchase 15,139,743 shares of Class B common stock, par value $0.01 per share, of IDT Corporation at a purchase price of $2.00 per share underlying such options, for a total aggregate purchase price of $30,279,486. The amount of the filing fee, calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory No. 5 for fiscal year 2006 equals $107.00 per $1,000,000.00 of the value of the transaction.
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