GoRemote Stockholders Approve Merger with iPass
February 13 2006 - 4:00PM
Business Wire
GoRemote Internet Communications, Inc. (NASDAQ:GRIC) today
announced that at a special meeting of its stockholders held today,
the stockholders adopted the merger agreement between GoRemote and
iPass Inc. (NASDAQ:IPAS). As previously announced on December 12,
2005, under the terms of the merger agreement, iPass will pay $1.71
per share in cash for each outstanding share of GoRemote common
stock and $3.37 per share in cash for each outstanding share of
GoRemote Series A Preferred Stock and assume outstanding GoRemote
options. GoRemote previously announced that the waiting period for
U.S. antitrust review under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976 was terminated on January 12, 2006.
Subject to the satisfaction of the closing conditions set forth in
the merger agreement, GoRemote anticipates that the transaction
will close later this week. About GoRemote GoRemote Internet
Communications, Inc. is a leading provider of secure managed
virtual business network services, enabling customers to achieve
best-of-breed network security and to increase critical business
application performance, while reducing capital and operating
expenses associated with their network. GoRemote provides a
comprehensive portfolio of secure managed broadband network
solutions for retail and branch office environments,
teleworkers/home offices and mobile workforces. More information
about GoRemote is available at www.GoRemote.com or by calling
408-955-1920. GoRemote, GoRemote Branch Office, GoRemote Express,
GoRemote Global Network, GoRemote Internet Communications, GoRemote
Mobile Office, GoRemote Revolution, GoRemote Teleworker, GoRemote
Total Security Protection, GoRemote Universal Remote Control, and
"For the everywhere enterprise" are trademarks of GoRemote Internet
Communications, Inc. Forward Looking Statements This press release
contains forward-looking statements that are subject to safe
harbors created under the U.S. federal securities laws.
Forward-looking statements in this press release include
expectations about the timing of the merger and the satisfaction of
closing conditions to the transaction. Actual results may differ
materially from those contained in the forward-looking statements
in this press release. GoRemote undertakes no obligation to update
these forward-looking statements to reflect events or circumstances
occurring after this press release. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date of this press release. All forward-looking
statements are qualified in their entirety by this cautionary
statement.
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