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Maxcom Telecomunicaciones SAB d Message Board

  • surf_guynyc surf_guynyc Aug 26, 2013 8:23 AM Flag

    LAW FIRM SEEKS HIGHER PRICE AND MORE INFORMATION FOR MAXCOM ADS HOLDERS

     

    August 26, 2013
    New York, New York

    Tripp Levy PLLC, a leading shareholder rights law firm announces that it is investigating the offer to acquire Maxom by the Trust, Ventura Capital and Javier Molinar, to purchase all of the outstanding Series A Common Stock, of Maxcom Telecomunicaciones, S.A.B. de C.V. ("Maxcom"), at a price of Ps. 0.9666 per Share, (ii) all of the outstanding Ordinary Participation Certificates ("CPOs") of Maxcom, at a price of Ps. 2.90 per CPO, and (iii) all of the outstanding American Depository Shares of Maxcom ("ADSs" and collectively with the Shares and CPOs, the Securities"), at a price of Ps. 20.30 per ADS, in each case held by persons who are not Mexican residents. Each ADS represents seven CPOs. Each CPO represents three Shares

    The investigation concerns whether the company's board of directors is breaching its fiduciary duties by not allowing ADS holders to obtain the maximum value for theirs shares and whether there is a conflict of interest on the part of the purchasers. If you are a ADS holder of Maxcom and live in the US please contact us at 1-877-772-3975 or email at contact @ tripplevy

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