TTI Telecom International has completed its previously announced sale to Deleware-based TEOCO, TEOCO Israel and TTI Telecom.
With the acquisition, TTI Telecom has become a private company through a merger with TEOCO and will de-list its shares from the NASDAQ.
Each outstanding ordinary share and preferred share of TTI Telecom has been automatically converted into the right to receive $3.00 in cash, without interest and less any applicable withholding taxes.