NOW Telecom offers 11% more shareholdings to affiliate company

NOW Telecom’s board of directors has approved to offer an additional 11 percent of its equity for a share swap deal with affiliate and publicly listed Now Corporation.

As a result, the deal gives Now Corporation a 30 percent ownership in Now Telecom.

“This will satisfy the congressional franchise requirement for NOW Telecom to have the public own at least 30 percent of the company,” the telco said Monday. Read More @ http://now-corp.com/2019/06/03/now-telecom-offers-11-shareholdings-affiliate-company/

TECHNICAL CHART PATTERN STAY SPECULATIVE

Remember if you are intending to take on this stocks – its speculative and the price can break the support. If the resistance breaks then is a good news for speculators. NOW INC fundamentals are in-tact for now.

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