KIT digital Inc : * Group led by former chairman and CEO Kaleil Isaza Tuzman extends revisedacquisition offer to KIT digital board of directors * Kaleil Isaza Tuzman says submitted a revised, non-binding offer letter in acustomary format to the KIT digital's board * Kaleil Isaza Tuzman says lowered indicative offer to acquire KIT digital to arange of $1.35-$1.70 per share * Kaleil Isaza Tuzman- in absence of a response by December 12, "we will
KIT digital, Inc. (KIT digital), through its operating subsidiaries, provides enterprise clients an end-to-end technology platform for managing Internet Protocol (IP)-based video assets across the browser, mobile device and Internet protocol television (IPTV) set-top box-enabled television sets. Shares of KITD traded higher by 8.76% or $0.0628/share to $0.78. In the past year, the shares have traded as low as $0.59 and as high as $12.65. On average, 1071530 shares of KITD exchange hands on a given day and today's volume is recorded at 2753314.
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