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Stock Market & Financial Investment News

News Breaks
January 10, 2013
06:08 EDTUTSIUTStarcom announces results of tender offer
UTStarcom has accepted for purchase 25M of its ordinary shares at a price of $1.20 per share, for an aggregate cost of $30M, excluding fees and expenses relating to the tender offer. Based on the final tabulation by Computershare Trust Company, the Depositary for the tender offer, 63.36M of UTStarcom's ordinary shares were properly tendered and not withdrawn. UTStarcom has been informed by the Depositary that, after giving effect to the priority for "odd lots," the final proration factor is approximately 39.4%.
News For UTSI From The Last 14 Days
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July 21, 2015
06:01 EDTUTSIUTStarcom appoints GHP Horwath as independent auditor
UTStarcom announced that it has dismissed PricewaterhouseCoopers Zhong Tian and appointed GHP Horwath as the Company’s independent auditor effective July 21. The Company’s Audit Committee and Board of Directors participated in and approved the decision to change the Company’s independent registered public accounting firm. The Company will endeavor to work with GHP Horwath to complete interim procedures in conjunction with the Company’s Q2 earnings announcement. The Company is currently working with PwC and GHP Horwath to ensure a smooth transition.

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