Team Software Industries is extending the expiration date of its previously announced cash tender offer to purchase 650,000 ordinary shares of TTI Team Telecom International for six dollars per share by an additional four calendar-day period.
Team Software currently owns 5,312,550 ordinary shares of TTI, representing 44.75 percent of the outstanding share capital of TTI, and, following the consummation of such tender offer, will own approximately 50.22 percent of the outstanding share capital of TTI. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
