Brief: Datadot Technology Announces Proposed Merger With Beston Technologies

DataDot Technology

15/02/2018 22:00

Feb 16 (Reuters) - Datadot Technology Ltd  DDT.AX : 
    * ANNOUNCES PROPOSED MERGER WITH BESTON TECHNOLOGIES 
    * PROPOSED MERGER TERMS VALUE BT AT $13.0 MILLION AND DDT 
AT $7.0 
MILLION WITH A COMBINED ENTERPRISE VALUE OF $20.0 MILLION 
    * CAPITAL RAISING PROPOSED TO BE UNDERTAKEN IN CONJUNCTION 
WITH 
DEAL TO RAISE $12 MILLION TO $15 MILLION 
    * BOARD OF MERGED GROUP WOULD COMPRISE 3 DIRECTORS 
APPOINTED BY 
BFC AND TWO OF CURRENT DIRECTORS OF DDT 
 
Source text for Eikon:  ID:nASX38tKDs  
Further company coverage:  DDT.AX  
 
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