Telenav Inc

NASDAQ:TNAV   3:59:42 PM EDT
4.04
-0.04 (-0.98%)
Mergers / Acquisitions

H.P. Jin Says V99 Delivered A Letter To Board Of Telenav Proposing To Acquire All Shares For 20% Premium

Published: 10/02/2020 10:27 GMT
Telenav Inc (TNAV) - Hp Jin - V99 Delivered a Letter to Board of Telenav Proposing to Acquire All Shares for 20% Premium Over Closing Share Price on Sept.
30 in Cashhp.
Jin - Proposal Letter to Telenav Indicated No Financing Contingency Related to Offer & Transaction Expected to Be a Reverse Triangular Mergerhp.
Jin - V99 Intends for Telenav to Become a Privately Owned Subsidiary of V99.
Hp Jin - on September 30, Formed V99; Proposal Letter to Telenav and V99’s Expression of Interest Are Non-binding.