Chime Communications to acquire Succinct Communications.
M2 EQUITYBITES-February 1, 2012-Chime Communications to acquire Succinct Communications(C)2012 M2 COMMUNICATIONS http://www.m2.com
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)
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|Date:||Feb 1, 2012|
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