Long-Distance Extension: Thrifty Tel Inc. Tuesday said...

Long-Distance Extension: Thrifty Tel Inc. Tuesday said that it has signed a 30-day extension with an investors group hoping to gain a majority stake in the Garden Grove-based long-distance telephone company. The Licklider Group, a private investor group in Los Angeles, wants to purchase as much as 50% of the firm for $6 million. As part of the deal, Thrifty Tel has offered to allow the Licklider Group to have voting rights to about 68% of the company’s stock for a two-year period. Thrifty Tel is traded over the counter.