VG - Ericsson Vonage extend deal termination date until Aug. 22

Ericsson (NASDAQ:ERIC) and Vonage (NASDAQ:VG) extended the deal termination date for their combination by three months until Aug. 22. The termination date was extended as the company awaits CFIUS approval for the acquisition of Vonage, according to an 8-K filing. The companies continue to work toward the closing, expected in the first half of this year. Vonage (VG) agreed in November to a $6.2B sale to Ericsson (ERIC). Investors have been concerned that a national security or CFIUS review of the $21/share deal could be delayed due to concerns over the allegations that Ericsson made payments to terror group ISIS in Iraq. Ericsson (ERIC) CEO Borje Ekholm last month said that he still expects that company's planned purchase of Vonage will close in 1H of the year, pending CFIUS approval.

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Ericsson, Vonage extend deal termination date until Aug. 22