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Fly News Breaks for January 3, 2017
TNGO
Jan 3, 2017 | 15:29 EDT
Barrington analyst Vincent Colicchio noted that since March, when the company announced a restatement and review process, Tangoe's communication has been limited but based "on the limited information available" he believes the current bids of $7.00 and $7.50, respectively, from Clearlake/Vector and Marlin appear low. He keeps a Market Perform rating on Tangoe, but advised not to sell the shares given the possibility of other bids.
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