Nuri's offer is being reviewedBackshi just might not accept the offer....could be undervalued?
Apivio reviewing Nuri offer for 40 cents a share
2017-01-17 09:29 PT - News Release
Mr. Rob Bakshi reports
APIVIO SYSTEMS INC. BOARD OF DIRECTORS RESPONDS TO UNSOLICITED OFFER FROM NURI TELECOM
Apivio Systems Inc. is aware of the announcement this morning by Nuri Telecom Co. Ltd. that it is making an offer to acquire all of the outstanding shares of the company for 40 cents. The company is reviewing the offer and will make a further announcement in due course after consideration by its board and consultation with its advisers.
About Apivio Systems
Apivio Systems Inc. is a Canadian technology company principally engaged in the design, development, marketing, and sale of communications equipment and software. It has a wholly owned Korean subsidiary with an established record of supplying VoIP (voice over Internet protocol) telephone equipment and other products to major Korean and international telecommunications carriers.