January 3, 2017 / 1:46 PM / a year ago

BRIEF-Tangoe confirms receipt of acquisition proposals

Jan 3 (Reuters) - Tangoe Inc

* Confirms receipt of acquisition proposals

* Unlikely to meet financial restatement deadline to remain in compliance with Nasdaq listing requirements

* Confirmed that it has received two non-binding acquisition proposals

* Has retained stifel, Nicolaus & Company, incorporated as financial advisor

* One offer from Marlin Management Company to buy outstanding shares of Co not already owned by marlin, for $7.50 in cash per share

* Got joint proposal from Clearlake Capital Group, and Vector Capital Management to acquire all outstanding common shares of Tangoe

* Joint proposal from Clearlake and Vector to acquire all outstanding common shares of Tangoe for $7.00 in cash per share Source text for Eikon: Further company coverage:

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