M*Modal acquisition is completed

Speech recognition and transcription developer M*Modal said that JPMorgan Chase private investment arm One Equity Partners has completed its tender offer for all of M*Modal's outstanding shares.

With the completion of the deal, M*Modal becomes a wholly owned direct subsidiary of One Equity Partners affiliate Legend Parent. M*Modal's headquarters will remain in Franklin, TN, and the company said it expects to maintain all of its other offices. The common stock of M*Modal is no longer listed on the Nasdaq Global Market.

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