VoIP-Pal Announces Rejection of Takeover Bid by Former CEO of Apple

April 18, 2019

Publicly traded NPE VoIP-Pal.com Inc. announced on April 16 that its board of directors had rejected a formal offer led by Gil Amelio and “his associates” to take over management of the company. Part of that offer, according to VoIP-Pal, “provided options to purchase only the stock owned by VoIP-Pal’s CEO, Emil Malak”. While the company reportedly rejected the bid, it says it is “actively pursuing the sale of all of Voip-Pal’s shares, on behalf of the more than 4500 shareholders, not just the shares owned by Mr. Malak". Monday’s announcement follows an Alice ruling last month that ended VoIP-Pal's cases against AT&T, Twitter, and Verizon, and one of the NPE's cases against Apple.

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