Brief: Toadman Interactive To Acquire Petrol Advertising

Enad Global 7 AB (publ)

04/06/2019 07:37

June 4 (Reuters) - Toadman Interactive AB  TOAD.ST :
    * TOADMAN INTERACTIVE ENTERS INTO AN AGREEMENT TO ACQUIRE
PETROL
ADVERTISING
    * ENTERED INTO AN AGREEMENT WITH OWNERS OF PETROL
ADVERTISING,
INC. ("PETROL") 1  (HTTP://#_FTN1) TO ACQUIRE 100 PERCENT OF
SHARES IN PETROL
    * CONSIDERATION OF USD 18.0 MILLION ON A CASH AND DEBT FREE
BASIS
    * PURCHASE PRICE IS USD 18.0 MILLION ON A CASH AND DEBT FREE
BASIS, PLUS AN ADDITIONAL CONSIDERATION OF UP TO USD 5.0 MILLION
BASED ON PETROL'S FINANCIAL PERFORMANCE DURING TWELVE MONTHS
FOLLOWING MERGER
    * ADDITIONAL CONSIDERATION OF UP TO USD 5.0 MILLION BASED ON
PETROL'S FINANCIAL PERFORMANCE DURING TWELVE MONTHS FOLLOWING
MERGER

Source text for Eikon:  ID:nWkr8Fh25W 
Further company coverage:  TOAD.ST 

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