WEST PALM BEACH, Fla. and JERUSALEM, Nov. 12, 2013 (GLOBE NEWSWIRE) -- magicJack VocalTec, Ltd. (Nasdaq:CALL), a leading cloud communications company, announced that it has repurchased in privately negotiated transactions 1,062,092 of the Company's ordinary shares at $12.24 per share, for an aggregate purchase price of approximately $13 million. The shares were purchased pursuant to agreements entered into with the independent trustees of two irrevocable trusts previously created by the Company's founder, Daniel M. Borislow.
MagicJack Announces Repurchase Of $13 Million In Stock And Founder's Exit From Operations
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