Brief: Blancco Technology Group Agrees To Buy WipeDrive Inc

Blancco Technology

08/06/2022 07:20

June 8 (Reuters) - Blancco Technology Group PLC  BLTGB.L :
    * BLANCCO TECH GRP PLC  - ACQUISITION
    * BLANCCO TECHNOLOGY GROUP PLC - PROPOSED DEAL FOR TOTAL
CONSIDERATION FOR WIPEDRIVE IS UP TO US$10 MILLION
    * BLANCCO TECHNOLOGY GROUP PLC - HAS AGREED TO ACQUIRE
WIPEDRIVE
INC
    * BLANCCO TECHNOLOGY GROUP PLC - BOARD EXPECTS ACQUISITION
TO BE
IMMEDIATELY EARNINGS ENHANCING UPON COMPLETION.
    * BLANCCO TECHNOLOGY GROUP PLC - TOTAL CONSIDERATION WILL BE
FINANCED THROUGH GROUP'S EXISTING CASH AND DEBT RESOURCES.

Source text for Eikon:  ID:nRSH0704Oa 
Further company coverage:  BLTGB.L 

 ((Reuters.Briefs@thomsonreuters.com;))