Tag Archives: nasdaq: tmrk

Terremark Settles Verizon Acquisition Suits

Terremark (NASDAQ:TMRK) released the following statement: The firm “has entered into a memorandum of understanding providing for the settlement of all eight putative class action lawsuits that have been brought in Delaware and Florida in connection with the previously announced agreement and plan of merger dated Jan. 27, 2011 among …

Read More »

Terremark Issues Financial Report on Heels of Verizon Sale

Terremark (NASDAQ:TMRK) issued financial results for the quarter ended Dec. 31, 2010. The firm grew, “with total revenues of $94.3 million and EBITDA, as adjusted, of $28.5 million for the quarter, representing year-over-year increases of 27 percent and 44 percent, respectively.” Verizon previously reached a definitive agreement to purchase Terremark …

Read More »