Previously announced discussions concerning a possible combination of IDT Corporation and ITXC have been terminated. No agreement was reached.
http://www.idttelecom.com
- On 10-April-2003, IDT publicly announced a proposal to acquire ITXC Corp. in a stock-for-stock transaction that would provide a 15% premium to the stockholders of ITXC, based on the closing price of ITXC’s stock on the previous day. ITXC rejected the offer. The companies subsequently agreed to discussions.