Kaleyra, Inc. Stockholders Approve Proposed Acquisition By Tata Communications Limited
Portfolio Pulse from Benzinga Newsdesk
Kaleyra, Inc. (NYSE:KLR) stockholders have approved all proposals related to the proposed acquisition of the company by Tata Communications Limited. The transaction is expected to close on October 5, 2023, after which Kaleyra's shares will cease trading and will no longer be listed on the NYSE.
September 28, 2023 | 3:21 pm
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Kaleyra's acquisition by Tata Communications has been approved, and its shares will cease trading post-acquisition.
The acquisition of Kaleyra by Tata Communications has been approved by Kaleyra's stockholders. As a result, Kaleyra's shares will cease trading and will no longer be listed on the NYSE after the transaction closes on October 5, 2023. This will likely have a negative impact on the short-term price of Kaleyra's shares.
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