NEW YORK, NY / ACCESSWIRE / January 10, 2019 / Voltari Corporation (OTCQB: VLTC) announced that its Board of Directors has formed a special committee of independent directors to consider an offer by High River Limited Partnership, which together with its affiliates beneficially owns approximately 52.69% of the outstanding shares of common stock of Voltari Corporation ("Voltari") and approximately 98.0% of the outstanding shares of 13% Redeemable Series J Preferred Stock of Voltari, to purchase the remaining shares of Voltari common stock for $0.58 per share in cash.
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