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Masergy Communications Postpones $108 Million Initial Offering

February 17, 2011 | Kendal Kirby
masergy_new_logo.jpgBy Lee Spears via Bloomberg

Masergy Communications Inc., the provider of network services to businesses, postponed its $108 million initial public offering.

The Plano, Texas-based company had planned to offer 7.7 million shares at $12 to $14 apiece, according to an earlier filing with the Securities and Exchange Commission. Masergy Communications intended to use the proceeds for general corporate purposes.

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