Brief: Comet Buys Canadian Software Developer ORS
30/09/2020 05:33
Sept 30 (Reuters) - COMET HOLDING AG COTNE.S :
* COMET ACQUIRES CANADIAN SOFTWARE DEVELOPER ORS
* HAS ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE OBJECT
RESEARCH SYSTEMS (ORS) INC
* TRANSACTION IS EXPECTED TO CLOSE BY END OF 2020
* IS TAKING ALL 20 EMPLOYEES AND ACQUIRING 100% OF ORS STOCK
PENDING FULFILMENT OF ALL CLOSING CONDITIONS OF PURCHASE
AGREEMENT AND EXPECTS NO SIGNIFICANT IMPACT FROM THIS
TRANSACTION AT EBITDA LEVEL FOR OVERALL YEAR
Source text for Eikon: ID:nTENzfisaa
Further company coverage: COTNE.S
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