logo
Share SHARE
FONT-SIZE Plus   Neg

Tangoe Prices Registered Public Offering Of 8 Mln Shares At $18.50/Shr

Tangoe, Inc. (TNGO: Quote) said it priced registered public offering of an aggregate of 8 million shares of common stock at a price to the public of $18.50 per share. Of the shares in the offering, 2.2 million shares are being offered by Tangoe, and 5.8 million shares are being offered by selling stockholders.

In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to 1.2 million additional shares at the public offering price.

Tangoe said it will not receive any proceeds from the sale of shares by the selling stockholders.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
US Steel Corp. (X) Tuesday said it will "adjust operations" and temporarily idle a part of its Minntac plant in Mt. Iron, Minnesota, effective June 1. According to reports, the move would see about 700 employees laid off. The company said the decision was due to its current inventory levels and ongoing... Hewlett-Packard Co. (HPQ) has filed a lawsuit against Michael Lynch, the co-founder of Autonomy Corp., and its former Financial Chief Sushovan Hussain for a whopping $5.1 billion alleging that the executives misrepresented the financial situation of Autonomy. An HP's spokeswoman confirmed that the... Nine acres of green grass with 400 trees and a half-mile-long walk way. We are not talking about any park, but the expansive rooftop of Facebook's new office. The 430,000 square feet office is a single room and it might be the largest open floor plan in the world.
comments powered by Disqus
Follow RTT