Brief: Audiocodes announces agreement to acquire Active Communications Europe
05/01/2016 07:15
Jan 5 (Reuters) - Audiocodes Ltd AUDC.TA : * Announces agreement to acquire active communications Europe * Says consideration for transaction will consist of payment of $3 million in cash to stockholders of active communications Europe * Consideration includes earn-out arrangement under which co agreed to pay up to $2 million based on attaining sales targets over next 3 years * Says following the transaction, active communications Europe will become a wholly owned subsidiary of Audiocodes * Source text for Eikon ID:nPn74xGxV * Further company coverage AUDC.TA ((Bengaluru Newsroom; +1 646 223 8780))