Business
LICT Corporation Announces Receipt of Offer for its Shares
LICT Corporation Announces Receipt of Offer for its Shares.
About this update from Lict Corp.
[{"type":"text","content":"\n \n LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) \n is announcing that we recently received an offer to purchase all of \n LICT’s outstanding stock. Although the price which has been offered \n represents a premium to LICT’s recent trading price, we believe it is \n below the current value of our enterprise and lower than the value that \n our growth opportunities might provide. This approach has, among other \n concerns, significant financing contingencies.\n \n \n LICT has communicated to our shareholders that the enhancement of our \n company’s value and the narrowing of the spread between our public share \n price and this value is the focus of our ongoing efforts.\n \n \n Despite the fact that there can be no assurance of success, this \n announcement is being made to inform our shareholders that the offer \n described above has been made and (y)our Board is aware of the offer.\n \n \n This release contains forward-looking information within the meaning of \n Section 27A of the Securities Act of 1933, as amended, and Section 21E \n of the Securities Exchange Act of 1934, as amended. It should be \n recognized that such information is based upon assumptions, projections \n and forecasts which may not prove to be correct or may develop \n differently from the manner originally expected. Such forward-looking \n information must be read and interpreted in light of the cautionary \n statements set forth in documents filed by LICT on its website, www.lictcorp.com.\n \n \n LICT is a holding company with subsidiaries in telecommunications and \n multimedia, and actively seeks acquisitions, principally in its existing \n business areas.\n \n \n LICT is listed on OTC Pink ® under the symbol “LICT”. Its web address is \n set forth above.\n \n \n Release: 18-11\n \n \n \n View source version on businesswire.com: https://www.businesswire.com/news/home/20181206005717/en/","length":2832,"tagName":"div"}]