Brief: Automated Systems says a unit to acquire Grid Dynamics International

Automated Systems Holdings

19/12/2016 04:28

Dec 19 (Reuters) - Automated Systems Holdings Ltd  0771.HK - 
    * Company, purchaser and merger sub entered into merger 
agreement with target company and securityholder representative 
    * Pursuant to agreement company agreed to acquire target 
company for cash consideration 
    * Deal for total cash consideration of approximately us$118 
million 
    * Deal in relation to acquisition of Grid Dynamics 
International, Inc 
    * Purchaser being  Gdd International Holding Company 
    * Application has been made for resumption of trading in 
shares with effect from 1:00 p.m. On 19th Dec 2016 
 
Source text for Eikon:  ID:nHKS7wvnFl  
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