Voltari Corporation (fka VLTC)

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Carl raised bid price to $0.86. NEWS-PR enclosed.

Cboe Global Markets : Voltari 13D Filing From Carl Icahn Shows He Sent Letter To Co. Board Related To Potential Acquisition Of Remaining Shares At Raised Price Of $0.86/Share In Cash
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03/05/2019 | 06:05pm EST
Voltari 13D Filing From Carl Icahn Shows He Sent Letter To Co. Board Related To Potential Acquisition Of Remaining Shares At Raised Price Of $0.86/Share In Cash
Benzinga Newsdesk 3/5/2019 4:26:03 PM

March 5, 2019Board of DirectorsVoltari Corporation767 Fifth AvenueNew York, New York 10153Ladies & Gentlemen:As you know, on December 7, 2018, High River Limited Partnership and its affiliates ('us' orMarch 5, 2019

Board of Directors
Voltari Corporation
767 Fifth Avenue
New York, New York 10153

Ladies & Gentlemen:

As you know, on December 7, 2018, High River Limited Partnership and its affiliates ('us' or 'we') offered to acquire the remaining shares of common stock, $0.001 par value per share ('Common Stock'), of Voltari Corporation ('Voltari') not owned by us, in a transaction pursuant to which Voltari stockholders would receive $0.58 per share in cash for their shares of Common Stock. On February 19, 2019, we amended our offer to increase the offer price to $0.68 per share and on February 25, 2019, we again amended our offer to increase the offer price to $0.80 per share.

We hereby further increase our offer to $0.86 per share of Common Stock in cash, subject to the same conditions set forth in our original offer letter.

We look forward to hearing from you.

Very truly yours,

HIGH RIVER LIMITED PARTNERSHIP
By: Hopper Investments LLC, its general partner
By: Barberry Corp., its sole member

By: /s/ Keith Cozza
Name: Keith Cozza
Title: Secretary and Treasurer

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CBOE Holdings Inc. published this content on 05 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 05 March 2019 23:04:08 UTC

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