Brightpoint (CELL) Enters Into Agreement to Settle Indemnity Claims and Buyback 3M Shares From Shareholder
More News related to CELL
- After-Hours Movers 2/3: AFFX, THQI, MKSI, JOEZ, CELL, TBI Higher; DBTK, LAD, AKAM, SPF Lower
- Brightpoint (CELL) Reports Mixed Q4 Earnings
- Brightpoint Reports Fourth Quarter and Year End 2009 Financial Results
- Trading Radar for 02/03: Cisco (CSCO), ON Semi (ONNN), Visa (V), Novellus (NVLS), Monster Worldwide (MWW) Report
- Merriman Curhan Ford Initiates Coverage on the Communications/Wireless Technology Sector
More News related to Corporate News
- S&P Announces Change to US Index: TSRA for FIF
- RealNetworks (RNWK) and MTV Networks (VIA-B) to Split Off Joint Venture Rhapsody
- Watts Water (WTS) Board Approves Restructuring Program; Shutting Down 3 Plants, Cutting 95 Jobs
- Transcept Pharmaceuticals (TSPT) Granted U.S. Patent Covering Intermezzo Formulation
- AAR (AIR) Predicts Impact of Mesa's Bankruptcy on Q3 Results
Brightpoint, Inc. (Nasdaq: CELL) announced that the Company has entered into a settlement agreement with NC Telecom Holding A/S, which provides for Brightpoint to purchase 3 million Brightpoint shares from NC Holding for $15.5 million under the previously announced share repurchase program.
Under the settlement agreement, the Company's indemnification claims previously made against NC Holding pursuant to the Dangaard acquisition agreement have been settled. In addition, the settlement agreement provides that NC Holding will no longer have the right to designate any candidate to be considered to serve on the Company's Board of Directors and that Thorleif Krarup has agreed to immediately resign from the Board of Directors.
Related Categories
Corporate NewsStock Buybacks
Stocks Mentioned
+0.23Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
