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Bell, says MagicJack (CALL) has received “multiple unsolicited offers” which are at various stages of due diligence and financing commitment. A special committee of the board has been chosen to study strategic alternatives.
Update(s):
November 09, 2017: B. Riley Financial, Inc. , a diversified financial services company, and magicJack VocalTec, Ltd. (CALL), a leading Voice over IP (VOIP) cloud-based communications company, have signed a definitive merger agreement, pursuant to which B. Riley will acquire magicJack for $8.71 per share, representing a 23% premium over magicJack’s 90-day average stock price and approximately $143 million in aggregate merger consideration.