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BRIEF-Inseego corp provides update on CFIUS process and planned sale of MIFI business
April 24, 2017 / 12:34 PM / 5 months ago

BRIEF-Inseego corp provides update on CFIUS process and planned sale of MIFI business

April 24 (Reuters) - Inseego Corp

* Provides update on cfius process and planned sale of MIFI business

* In connection with Co’s proposed sale of Novatel Wireless, on April 24, 2017, parties voluntarily withdrew & re-filed joint voluntary notice

* If deal prohibited by U.S. government, Co to be compelled to pursue other strategic alternatives with respect to MIFI business

* Withdrawal of notice intended to provide time for parties,CFIUS to seek mitigation agreement that would enable CFIUS to approve deal Source text for Eikon: Further company coverage:

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