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News Breaks | | | | October 6, 2011 | | 07:38 EDT |  | MBND | Multiband sees Q3 revenue, EBITDA to exceed previously announced guidance
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News For MBND From The Last 14 Days Check below for free stories on MBND the last two weeks. |
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| May 22, 2013 | | 08:04 EDT |  | MBND | Goodman Networks to acquire Multiband for $3.25 per share
Goodman Networks and Multiband jointly announced that they have signed a definitive merger agreement, pursuant to which Goodman Networks will acquire Multiband. Under the terms of the agreement, Goodman Networks will pay $3.25 per Multiband common share, redeem all of Multiband's outstanding preferred stock and repay Multiband's outstanding bank indebtedness in an all cash transaction totaling approximately $116M. The agreement was approved by the unanimous vote of each of Goodman Networks' and Multiband's directors. Multiband said that its board has evaluated a number of alternatives for the company and believes that Multiband's acquisition by Goodman Networks is in the best interest of Multiband's shareholders. The transaction, which is expected to close in the third quarter of 2013, is subject to the approval of Multiband's shareholders, regulatory approvals and other customary closing conditions. There is no financing condition associated with the proposed acquisition. Upon the close of the acquisition, Multiband will be operated as a wholly-owned subsidiary of Goodman Networks and continue under Jim Mandel's leadership in the role of Chief Executive Officer of Multiband. | | | 07:55 EDT | | MBND | Multiband trading halted, pending news
 Subscribe for More Information | | | May 15, 2013 | | 16:06 EDT | | MBND | Multiband reports Q1 EPS (3c), consensus (2c)
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