Printer Friendly

Chime Communications to acquire Succinct Communications.

M2 EQUITYBITES-February 1, 2012-Chime Communications to acquire Succinct Communications(C)2012 M2 COMMUNICATIONS

Marketing services group Chime Communications PLC on Wednesday announced it has entered into an agreement to acquire 100% of the share capital of Succinct Communications Limited (SCL).

The initial consideration is made up of GBP2.0m in cash and the issue of 264,338 new ordinary shares in Chime and GBP0.6m in cash representing working capital of SCL at acquisition, which is surplus to requirements after SCL joins Chime.

Acquisition of SCL, a UK based company which provides medical communications for prescription medicines, is said to be a key step in the development of Chime's healthcare business OPEN Health.

Chime expects the acquisition of SCL to immediately enhance its earnings.

(USD1 = GBP0.63)

((Comments on this story may be sent to>PDFebruary 1, 2012>JNM2 EQUITYBITES.PRICEDATENOT APPLICABLE.DAY

COPYRIGHT 2012 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Feb 1, 2012
Previous Article:Plant Health Care and ASP-Chile sign multi-year agreement.
Next Article:Speymill Macau Property confirms sale of AIA Tower.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters