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Trilogy International Partners Inc. announces acquisition by SG Enterprises II, The acquisition involves a cash consideration of US$0.07 per Common Share, totaling US$5,020,332.10. The Common Shares are expected to be delisted from the TSX Venture Exchange on April 1, 2024.
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Trilogy International Partners Inc. announces shareholder approval for acquisition by SG Enterprises II, Shareholders voted overwhelmingly in favor of the plan of arrangement, with 99.997% approving the resolution. Under the terms, shareholders will receive US$0.07 per common share. The completion of the acquisition is subject to court approval and other customary conditions.
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Trilogy International Partners Inc. (TIP Inc.) (TSXV:TRL.H) has entered into an arrangement agreement with SG Enterprises II, LLC to acquire all outstanding common shares not already owned by SG. Shareholders will receive US$0.07 per common share in cash. The transaction aims to maximize the remaining cash available for distribution to shareholders as the company continues with its plan of liquidation adopted on June 10, 2022.
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Trilogy International Partners Inc. (TIP Inc.) (TSXV:TRL.H) receives a non-binding letter of intent from SG Enterprises II, LLC proposing to acquire all outstanding common shares for US$0.001 per share in cash, potentially subject to a distribution to shareholders of US$0.065 per share. The Potential Transaction is expected to be carried out through a court-approved plan of arrangement under the Business Corporations Act (British Columbia) and is contingent upon various approvals. SG currently owns approximately 19.1% of the issued and outstanding Common Shares.
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Trilogy International Partners Inc. (TSXV:TRL.H) announced its financial and operating results for Q3 2023. The company had $9.3 million in cash, completed a distribution of $27.5 million to shareholders, and reduced corporate operating costs by 69%. Andrew M. Davies was appointed to the board to evaluate an expression of interest to acquire all issued and outstanding common shares.
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Trilogy International Partners Inc. (TIP Inc.) announced its financial and operating results for Q2 2023. The company received approximately $22 million NZD from the escrow established in connection with the sale of its New Zealand subsidiary. Cash and cash equivalents totaled $30.3 million as of June 30, 2023. The company completed the second distribution to shareholders in a total of $27.5 million CAD, leaving a remaining cash balance of approximately $9 million as of July 31, 2023. Corporate operating costs in Q2 2023 decreased by 59% compared to the same period in 2022. The company expects corporate costs to continue to decline in the second half of 2023.
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Trilogy International Partners Inc. (TSXV:TRL.H) has declared a return of capital distribution of C$27.5 million (US$21 million), or C$0.31 per common share, as part of its winding up and reorganization. The distribution is scheduled to be paid on July 28, 2023, to shareholders of record as of July 19, 2023. The company will hold approximately US$8 million as a reserve for expenses until May 2028, after which remaining assets will be distributed to shareholders and the company will dissolve. Erik Mickels, the CFO, is departing effective July 31, 2023, and Brad Horwitz, the CEO, will assume the role of CFO.
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Trilogy International Partners Inc.
OTC:TLLYF
TLLYF Rankings
TLLYF Stock Data
5.76M
47.56M
26.84%
24.37%
Wireless Telecommunications Carriers (except Satellite)
Information
United States
Bellevue
About TLLYF
trilogy international partners inc. (tsx:trl) is the parent company of trilogy international partners llc, a wireless telecommunications operator formed by wireless industry pioneers john stanton, theresa gillespie and brad horwitz. trilogy's founders have an exceptional track record of successfully buying, building, launching and operating communication businesses in 15 international markets - including laying the groundwork for three of the four largest wireless operators in the united states. trilogy currently provides wireless communications services through its operating subsidiaries in new zealand, where 2degrees is transforming the telecommunications market, and bolivia, where nuevatel (dba viva) is the communications choice of the net generation. for more information, visit trilogy at www.trilogy-international.com.