VG - Vonage stock falls over concerns about planned sale to Ericsson

Shares of Vonage Holdings (NASDAQ:VG), which is being sold to Ericsson for $6.2B, fell 4% on investor concern about the deal after the Ericsson (NASDAQ:ERIC) CEO said the telecom company may have paid bribes to ISIS. Ericsson shares dropped 13%. Investors appear to be concerned that a national security or CFIUS review of the $21/share deal could be delayed due to the report on ISIS, according to some M&A traders, who said that the CFIUS review could potentially be extended an additional 45 days.  The Vonage/Ericsson deal spread at $1.05 is the highest since the transaction was announced on Nov. 22.  Vonage (VG) disclosed in a Jan. 10 filing that on Dec. 29, Vonage and Ericsson filed a “declaration” with the CFUS. Following acceptance of the declaration by CFIUS, a 30 calendar day “assessment” period will begin. Ericsson Chief Executive Borje Ekholm told the Danish newspaper Dagens Industri that transportation routes in Iraq "have been

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Vonage stock falls over concerns about planned sale to Ericsson