Jefferies

 

iPass to Acquire GoRemote

iPass Inc. said today it will buy GoRemote Internet Communications Inc., a rival broadband service provider, for $76.5 million. Once all approvals are met, iPass expects to close the deal in the first quarter of 2006. iPass primarily targets users such as salespeople and business travelers, while GoRemote focuses on remote workers and retailers. iPass […]

Eschelon Telecom Closes IPO

After lowering its share prices to $14 last week, Eschelon Telecom yesterday closed its initial public offering, which garnered net proceeds of $69.8 million. Eschelon sold 5.3 million shares, leaving nearly 804,000 for its underwriters. The company now trades on the Nasdaq under the symbol “ESCH.” Some of the proceeds from the IPO will go […]

Eschelon Lowers IPO Share Prices

Eschelon Telecom Inc., a CLEC headquartered in Minneapolis, today set the price of its initial public offering at $14 per share. According to a filing with the Securities and Exchange Commission, that price was lower than the originally expected $15-$17 range. Eschelon likely will close the offer on Aug. 9. Eschelon says a portion of […]

The ID is: 51629