|
|
Article: Vonage shareholders forgo chance to sell after 'lockup'
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- November 15, 2006
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
BRUCE MEYERSON, THE ASSOCIATED PRESS
The Record (Bergen County, NJ)
11-15-2006
Vonage shareholders forgo chance to sell after 'lockup' -- Amendment may be hint they think firm is undervalued
By BRUCE MEYERSON, THE ASSOCIATED PRESS
Date: 11-15-2006, Wednesday
Section: BUSINESS
Edtion: All Editions
NEW YORK — Major shareholders owning three-quarters of the Internet phone company Vonage Holdings Corp. are holding off on a regulatory step that would make it easier to sell their stock, which has plunged more than 60 percent since a high-profile initial public offering in May.
Vonage announced Tuesday that investors with 115 million shares, including 51 million held by company founder Jeffrey ...