Brief: Alcadon Group Acquires Irish Wood Communications Ltd

Alcadon AB

07/03/2024 07:43

March 7 (Reuters) - Alcadon Group AB (publ)  ALCA.ST :
    * SAID ON WEDNESDAY CO HAS SIGNED AN AGREEMENT TO ACQUIRE
IRISH
WOOD COMMUNICATIONS LTD.
    * PURCHASE PRICE ON A CASH AND DEBT-FREE BASIS AMOUNTS TO
EUR 10.1
MILLION (CORRESPONDING TO APPROXIMATELY SEK 113.5 MILLION)
    * 25 PER CENT OF PURCHASE PRICE IS PAID THROUGH NEW ISSUE OF
SHARES IN ALCADON TO SELLERS BY WAY OF AN ISSUE-IN-KIND UPON
CLOSING, WHICH IS EXPECTED TO TAKE PLACE ON 2 APRIL 2024
    * EARN-OUT OF MAXIMUM OF APPROX. EUR 2.9 MLN (APPROX. SEK
32.6
MLN) MAY BE PAID IF CERTAIN CONDITIONS ARE MET DURING PERIOD UP
UNTIL AND INCLUDING THREE YEARS AFTER CLOSING

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNLzLHr
 Further company coverage:  ALCA.ST  

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