Straight Path Communications (STRP) Reports Q3 Loss of $0.49/Share

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Straight Path Communications Reports Results for Third Quarter Fiscal 2017

June 9, 2017 6:30 AM EDT

GLEN ALLEN, Va.--(BUSINESS WIRE)-- Straight Path Communications Inc. (SPCI or Straight Path) (NYSE MKT: STRP), a communications asset company, announced today operating results for its third quarter of fiscal 2017, the three months ended April 30, 2017. On May 11, 2017, subsequent to the April 30th close of FY Q3, Straight Path entered into an agreement and plan of merger with Verizon Communications Inc. (Verizon) pursuant to which Verizon will acquire Straight Path for $184.00 per share paid in Verizon common stock.

 

Q3 Fiscal Year 2017 Highlights

                    (In millions of USD)     Fiscal 2017 Q3     Fiscal 2016 Q3... More