Replies to post #3316 on Act Teleconferencing Inc (fka ACTT)

[odiaz28]

PGi bought ACT Teleconferencing Inc. for $44 million.

Atlanta-based PGi (NYSE: PGI) provides virtual meetings.

Lakewood, Colo.-based ACT Conferencing offers audio, video and web collaboration services, with operations in eight countries across North America, Europe and Asia Pacific.

“Both PGi and ACT Conferencing are trusted by the world’s largest, most discriminating brands for their business-critical collaboration needs,” said Boland T. Jones, PGi founder, chairman and CEO, in a statement. “Our companies share a complementary global footprint and a common legacy of industry leadership that spans decades.”


http://www.bizjournals.com/atlanta/news/2013/09/05/pgi-acquires-act-for-44m.html

[odiaz28]

previous owners of ACTT owed the preffered share holders X amount...now PGI aquires ACTT for 45 million...isn't the old owners off the hook for owing the preffered holders? can the new owners cancel the preffered??

[Rainer]

There is potential in every penny.