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PARETEUM CORPORATION

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Market Data: Yahoo Finance, Bloomberg, SEC Filings

Report Link: Initial Research Report (Dated 05/25/2018)

Symbol: TEUM
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $3.50
Time Horizon: 12 Months
Rating Established: May 25, 2018
Price When Established: $2.36
Most Recent Report: May 25, 2018
Price When Issued: $2.36


What's New

Pareteum in Agreement to Acquire Artilium

On June 7, 2018, Pareteum Corporation (NYSE American: TEUM) and Artilium announced they have reached an agreement for Pareteum to acquire Artilium. Artilium provides services to both telecom infrastructure customers as well as enterprise customers.

Since October 2017, Pareteum and Artilium have benefitted from a strategic alliance entered into with the intention of jointly pursuing new and developed markets, accelerating growth and increasing market penetration for both Artilium and Pareteum.

Under the terms of the acquisition, each Artilium shareholder will be entitled to receive 0.1016 Pareteum shares and 1.9 pence in cash per Artilium share upon completion of the transaction. The acquisition values each Artilium share at 19.55 pence and the entire issued and to be issued ordinary share capital of Artilium at approximately $104.7 million (or GBP 78.0 million), based on Pareteum's closing share price of $2.33 on June 6, 2018 and the exchange rate of US$1.3413: GBP1


Company Description

Pareteum Corporation, headquartered in New York, NY, is a cloud communications platform company. Cloud communications involves the integration of multiple communication methods and services that can be accessed over the Internet and are handled and hosted by a third-party (such as Pareteum) through the cloud.


Company Reports

Initial Research Report (Dated May 25, 2018)

Disclaimer

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