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Article: Group Long Distance, Inc. Announces Approval by US Bankruptcy Court of Stock Purchase Agreement With Quentra Networks, Inc.
- Article from:
- Business Wire
- Article date:
- March 9, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
POMPANO BEACH, Fla.--(BUSINESS WIRE)--March 9, 2001
Group Long Distance, Inc. (Pink Sheets:GLDI) ("Group Long Distance") announced today that a Stock Purchase Agreement to acquire all of the issued and outstanding securities of HomeAccess MicroWeb, Inc. ("HomeAccess"), a subsidiary of Quentra Networks, Inc. ("Quentra") has been approved by the United States Bankruptcy Court for the Central District of California.
The purchase price would be payable by the delivery at closing of $100,000 in cash and 200,000 shares of a new Series A Preferred Stock. The Series A Preferred Stock would have a liquidation preference of $20 per ...
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Article: Group Long Distance, Inc. Announces Acquisitions.
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... ... Sheets:GLDI) ("Group Long Distance") announced ... outstanding securities of HomeAccess MicroWeb, Inc. ("HomeAccess ... with the acquisition, Group Long Distance delivered ... telecommunications services. Group Long Distance is located ... Beach, Florida. About HomeAccess MicroWeb, ...
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