Vonage says all regulatory requirements satisfied for Ericsson buyout - InvestingChannel

Vonage says all regulatory requirements satisfied for Ericsson buyout

Vonage (VG) disclosed that it and Ericsson (ERIC) have now satisfied all requisite foreign and U.S. regulatory requirements for the closing of their merger, including as relates to the Hart-Scott-Rodino Act and the Committee on Foreign Investment in the United States. The parties expect the merger to close no later than July 21. Shares of Vonage are up 7% to $20.97 in premarket trading. Last November, Ericsson entered into an agreement to acquire Vonage for $21 per share, which represents a total acquisition price of approximately $6.2B.

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