Tangoe and Marlin Equity Partners waive financing proceeds.
BANKING AND CREDIT NEWS-June 12, 2017-Tangoe and Marlin Equity Partners waive financing proceeds
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Tangoe, Inc. (OTCPK:TNGO) and Marlin Equity Partners have announced that Marlin's affiliates, Asentinel, LLC ("Parent") and TAMS Inc. ("Purchaser"), have waived the "Financing Proceeds Condition," as described in the Offer to Purchase in connection with Marlin's previously announced tender offer to acquire all of the outstanding shares of common stock of Tangoe at a price of USD 6.50 per share in cash, the company said.
Marlin also announcedthat Parent and Purchaser have extended the offering period until 10:00 a.m., New York City time, on June 15, 2017, unless further extended or earlier terminated. The tender offer was previously scheduled to expire at 10:00 a.m., New York City time, on June 13, 2017. All other terms and conditions of the tender offer remain unchanged.
The tender offer is being extended pursuant to the requirement of the Securities and Exchange Commission that at least five business days remain in the tender offer following the satisfaction or waiver of the "Financing Proceeds Condition."
Okapi Partners LLC is acting as information agent for Purchaser in the tender offer.
Marlin Equity Partners is a global investment firm with over USD 6.7 billion of capital under management
Tangoe, Inc. is a global provider of IT and Telecom Expense Management (TEM) software and related services to a wide range of global enterprises and service providers.
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