Telanetix completely acquired by Intermedia
Sep 02, 2013 (M2 EQUITYBITES via COMTEX) --
Telanetix Inc (OTCQB: TNIX), a provider of cloud-based communications solutions, announced on Friday the completion of its acquisition by Intermedia, a provider of business cloud services and a third-party Microsoft Exchange hosting provider.
Under the terms of the merger agreement between Intermedia and Telanetix, dated 18 January 2013, upon the closing of the acquisition, each share of Telanetix common stock was converted into the right to receive USD7.284 per share in cash, without interest.
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