Friday, November 11, 2005

Net2Phone says board to consider IDT offer

A Reuters newswire article, via Yahoo! News, reports that:

Internet telephone services company Net2Phone Inc. on Friday said an independent committee of its board of directors would consider IDT Corp.'s $2 per share offer for the 60 percent of the company's shares it does not already own.

In a statement, Net2Phone said the committee would advise shareholders of its position on the offer on or before November 25.

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