|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.8411 - 0.8450|
|52 Week Range||0.3100 - 1.0400|
|Beta (3Y Monthly)||-1.05|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 12, 2019 - Aug 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.79|
NEW YORK, NY / ACCESSWIRE / March 25, 2019 / Voltari Corporation (VLTC) (the "Company" or "Voltari") today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Starfire Holding Corporation ("Starfire"), an affiliate of Carl C. Icahn and an affiliate of the Company's controlling stockholders, High River Limited Partnership and Koala Holding LP (collectively, "High River"), pursuant to which Starfire will acquire the Company. Pursuant to the Merger Agreement, upon completion of the transaction, each outstanding share of Voltari's common stock not owned by High River or its affiliates will be converted into the right to receive $0.86 per share in cash, without interest, and each outstanding share of the Company's 13% Redeemable Series J Preferred Stock (the "Preferred Stock") not owned by High River or its affiliates will be converted into the right to receive an amount in cash equal to the liquidation preference of the Preferred Stock plus prorated dividends, as more specifically set forth in the Company's Certificate of Incorporation.
NEW YORK, NY / ACCESSWIRE / January 10, 2019 / Voltari Corporation (VLTC) announced that its Board of Directors has formed a special committee of independent directors to consider an offer by High River Limited Partnership, which together with its affiliates beneficially owns approximately 52.69% of the outstanding shares of common stock of Voltari Corporation ("Voltari") and approximately 98.0% of the outstanding shares of 13% Redeemable Series J Preferred Stock of Voltari, to purchase the remaining shares of Voltari common stock for $0.58 per share in cash. The special committee is comprised of Peter K. Shea, Jaffrey (Jay) A. Firestone, and Kevin Lewis.