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BRIEF-IDT Corp, Straight Path and others enters into settlement agreement
2017年10月26日 / 晚上9点58分 / 1 个月前

BRIEF-IDT Corp, Straight Path and others enters into settlement agreement

Oct 26 (Reuters) - Idt Corp

* IDT Corp says ‍on Oct 24, co, straight path, straight path’s unit, among others entered into settlement agreement and release​ - SEC filing

* IDT Corp - ‍consistent with previously announced term sheet, in exchange for mutual release, registrant paid SPCI an aggregate of $16 million in cash​

* IDT - ‍consistent with announced term sheet, in exchange for mutual release, spci transferred to co majority ownership interest in straight path’s unit

* IDT Corp - ‍settlement agreement allocates $10 million of payment and retained interest right to settlement of claims and mutual release​

* IDT Corp - ‍settlement agreement allocates $6 million to transfer of IP interest​ Source text : (bit.ly/2lhdeMA) Further company coverage:

我们的标准:汤森路透“信任原则”
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