Home > Boards > US Listed > Telecommunications Networks > Global Telecom and Technology, Inc. (GTT)

<u>$GTT : Huge news.... $2.1Billion Definitive Agreement for SALE</u>

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
makinezmoney Member Profile
Member Level 
Followed By 1,049
Posts 23,614
Boards Moderated 23
Alias Born 12/10/12
160x600 placeholder
Current Report Filing (8-k) Edgar (US Regulatory) - 6/16/2021 4:47:07 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/11/2021 5:09:20 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/8/2021 5:08:08 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 6/8/2021 5:05:38 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 6/3/2021 4:57:38 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/28/2021 4:02:20 PM
GTT Communications likely to file for Chapter 11 bankruptcy before June 30 - report Seeking Alpha - 5/28/2021 3:53:27 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/25/2021 5:38:50 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 5/25/2021 5:35:58 PM
Notification That Quarterly Report Will Be Submitted Late (nt 10-q) Edgar (US Regulatory) - 5/10/2021 4:25:44 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 5/3/2021 4:37:13 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 4/29/2021 5:09:57 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 4/21/2021 5:05:30 PM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 4/8/2021 5:10:29 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 3/30/2021 5:35:21 PM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/24/2021 5:23:39 PM
Notification That Annual Report Will Be Submitted Late (nt 10-k) Edgar (US Regulatory) - 3/16/2021 8:27:51 AM
GTT Announces Leaders for Americas and Europe Divisions GlobeNewswire Inc. - 3/16/2021 8:00:00 AM
GTT jumps 25% on selection by Charter Schools USA for network upgrade Seeking Alpha - 3/10/2021 3:08:42 PM
Charter Schools USA Selects GTT SD-WAN to Improve Network Agility and Security GlobeNewswire Inc. - 3/10/2021 8:00:00 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/9/2021 5:26:00 PM
GTT Communications slips on report on formal talks on bankruptcy plan Seeking Alpha - 3/8/2021 1:52:40 PM
Current Report Filing (8-k) Edgar (US Regulatory) - 3/8/2021 6:45:37 AM
Initial Statement of Beneficial Ownership (3) Edgar (US Regulatory) - 3/4/2021 8:32:46 AM
Statement of Changes in Beneficial Ownership (4) Edgar (US Regulatory) - 3/1/2021 5:20:06 PM
makinezmoney Member Level  Friday, 10/16/20 10:08:37 AM
Re: None
Post # of 137 
$GTT : Huge news.... $2.1Billion Definitive Agreement for SALE


Market cap right now only $365 Billion.

Sale should bring value of Shares from $5.50 now to over $20/sh


GO $GTT

*******************************************************


GTT Communications stock spikes higher after $2.15 billion deal to sell its infrastructure division
9:34 AM ET 10/16/20 | Dow Jones
Related Quotes


10:07 AM ET 10/16/20
Symbol Last % Chg
GTT
5.65 12.77%
Real time quote.



Shares of GTT Communications Inc. (GTT) shot up 23.2% in morning trading Friday, after the provider of cloud networking services said it reached a deal to sell its infrastructure businesses for $2.15 billion to I Squared Capital. GTT said its infrastructure division includes its businesses providing pan-European, North American, sub-sea and trans-Atlantic fiber network and data center infrastructure services. As part of the deal, GTT will receive an upfront cash payment of $2.02 billion closing, which is expected to occur during the first half of 2021, and total deferred payments of up to $130 million based on certain financial results. GTT's stock has tumbled 45.0% year to date, while the S&P 500 has gained 8.2%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

> Dow Jones Newswires

October 16, 2020 09:34 ET (13:34 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.


Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences