Shareholders approve Chadmoore sale to Nextel
Chadmoore Wireless Group, Las Vegas, NV, has announced that, at a special shareholder meeting, the company’s shareholders approved the sale of virtually
Chadmoore Wireless Group, Las Vegas, NV, has announced that, at a special shareholder meeting, the company’s shareholders approved the sale of virtually all of Chadmoore’s SMR licenses and repeater systems to Nextel Communications, Reston, VA. The transaction is expected to close early this month.
Subsequent to the closing of this transaction, Chadmoore will be dissolved and all of its remaining assets will be liquidated.
Shares of Chadmoore stock closed at 47 cents today.
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