$KITD .62 to 3.75! Jump in fast! (RTTNews.com) -
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Posted On: 11/26/2012 7:04:38 PM
$KITD .62 to 3.75! Jump in fast!
(RTTNews.com) - KIT digital Inc.'s (KITD) former Chairman and Chief executive officer Kaleil Isaza Tuzman said Friday that he is prepared to lead a bidding group to buy the company at $3.75 per share in cash, which represents an 81% premium to the closing price of KITD common stock on Wednesday, November 21, 2012. Tuzman said he has reviewed the transaction with two large private equity groups who are interested in participating with him. Tuzman also urged the company to discuss the acquisition offer and conduct open and transparent sale process.
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