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News Breaks | | | | March 18, 2013 | | 11:01 EDT |  | ALVR | Alvarion announces timing for 1:10 reverse split of ordinary shares
Alvarion announced that the previously-reported 1:10 reverse split of its ordinary shares would be effected on Tuesday, April 2 to all shares held of record as of the close of business on Monday, April 1. The reverse split was previously approved by the company's shareholders at the Annual General Meeting held on September 10, 2012 and announced by the company on December 10, 2012. . The reverse split will reduce the number of Company outstanding shares from approximately 63 million to approximately 6.3 million. | |
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News For ALVR From The Last 14 Days Check below for free stories on ALVR the last two weeks. |
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| May 10, 2013 | | 16:03 EDT | | ALVR | Alvarion completes sale of carrier licensed division to Telrad
Under the finally agreed terms, Alvarion will receive consideration of $4M, paid in installments over four quarters, with the first payment of $1.3M payable at closing. In addition, Alvarion may receive certain performance-based milestone payments of up to $7.7M. The change in consideration from the originally-agreed consideration of $6M plus up to $6.1M in certain performance-based milestone payments, announced on February 21 resulted from a waiver of certain closing conditions in order to ensure and expedite the closing of the transaction. | |
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