Olshan Represents CIBL, Inc. in Acquisition of Controlling Position in iCTC Group
Olshan’s client CIBL, Inc. has purchased 80,000 shares of Class A common stock of iCTC Group, Inc. in a private placement and commenced a third-party tender offer to purchase up to 80,000 additional shares of Class A common stock of iCTC Group. If the tender offer is fully subscribed, CIBL will acquire approximately 40% of the outstanding Class A common stock of iCTC Group. CIBL intends to acquire greater than 50% of the voting control of iCTC Group through a voting trust agreement with certain affiliated stockholders of iCTC Group. The Olshan team representing CIBL includes Steve Wolosky, Elizabeth R. Gonzalez and Kenneth S. Mantel.
Attorneys
Media Contact
Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager
mmehaj@olshanlaw.com
212.451.2319