Brief: Quarterhill Announces Agreement To Acquire ETC

Quarterhill

16/08/2021 11:43

Aug 16 (Reuters) - Quarterhill Inc  QTRH.TO :
    * QUARTERHILL ANNOUNCES AGREEMENT TO ACQUIRE ETC
    * QUARTERHILL INC - DEAL FOR TOTAL CASH CONSIDERATION OF
$150.0
MILLION PLUS TRANSACTION RELATED EXPENSES
    * QUARTERHILL INC - DEAL TO BE FUNDED BY A COMBINATION OF
CASH-ON-HAND AND DEBT FINANCING.
    * QUARTERHILL INC - ALL AMOUNTS ARE IN CANADIAN DOLLARS
    * QUARTERHILL INC - DEAL IS EXPECTED TO BE FINANCED WITH A
COMBINATION OF $75.0 MILLION OF QUARTERHILL'S CASH ON HAND AND
$75.0 MILLION OF DEBT FINANCING
    * QUARTERHILL INC -  TO ACQUIRE ELECTRONIC TRANSACTION
CONSULTANTS
FROM ALIGN CAPITAL PARTNERS

Source text for Eikon:  ID:nCNWLWvQWa 
Further company coverage:  QTRH.TO 

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