Vringo (VRNG) Completes Merger with Innovate/Protect; Withdraws Reverse Stock Split
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Vringo, Inc. (NYSE: VRNG) announced the completion of its merger with Innovate/Protect, Inc., a company that seeks to maximize the value of intellectual property and technology assets.
During the Company’s Annual Meeting of Stockholders held earlier today, the proposal of the merger between Vringo and Innovate/Protect and the related issuance of securities received the support of 99.61% of the shares voted at the meeting. The boards of directors of both Vringo and Innovate/Protect had unanimously approved the merger.
Vringo’s Board of Directors also announced that Vringo will not be effecting a reverse stock split.
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During the Company’s Annual Meeting of Stockholders held earlier today, the proposal of the merger between Vringo and Innovate/Protect and the related issuance of securities received the support of 99.61% of the shares voted at the meeting. The boards of directors of both Vringo and Innovate/Protect had unanimously approved the merger.
Vringo’s Board of Directors also announced that Vringo will not be effecting a reverse stock split.
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