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Stock Market & Financial Investment News

News Breaks
August 12, 2014
14:14 EDTALTVAlteva downgraded to Hold from Buy at Lake Street
Lake Street downgraded Alteva to Hold citing the company's decline in average revenue per user in Q2.
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November 11, 2014
15:50 EDTALTVJuniper Investment insists Alteva board negotiate or solicit proposals
Juniper Investment Company sent a letter to the Alteva Board of Directors, stating in part: "As Alteva’s largest shareholder, we are deeply concerned about the failure of the Board of Directors to pursue alternatives to maximize shareholder value. We think it is important for all shareholders to understand what has transpired...In light of the Board’s complete disregard of this recommendation, Juniper and Princeton Hosted Solutions made an offer to acquire Alteva for $8.00 per share on August 26...Juniper will not stand by indefinitely and continue to underwrite the current valuation. If the Alteva Board agrees to negotiate in good faith, Juniper would be amenable to an appropriate market test that allows for a better offer. The time has come for the board to be responsive to the company’s shareholders. Therefore, we insist that the Board immediately begin a process to engage in a negotiation with Juniper or retain an independent financial advisor to solicit proposals for the sale of the company."
November 10, 2014
17:20 EDTALTVAlteva reports Q3 EPS (23c), one estimate (13c)
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