Brief: Sito Mobile Says Mediajel Alleged That Co Had Materially Breached Certain Plan Of Merger

Sito Mobile

27/12/2019 23:06

Dec 27 (Reuters) - SITO Mobile Ltd  SITO.O :
    * SITO MOBILE - ON DEC 19, CO GOT NOTICE FROM MEDIAJEL
ALLEGING
THAT CO HAD MATERIALLY BREACHED CERTAIN AGREEMENT & PLAN OF
MERGER, DATED AS SEPT 14
    * SITO MOBILE - ON DEC 27, CO PROVIDED WRITTEN NOTICE TO
MEDIAJEL
ALLEGING MEDIAJEL IS IN MATERIAL BREACH OF VARIOUS PROVISIONS OF
MERGER AGREEMENT
    * SITO MOBILE - CO, MEDIAJEL ARE IN DISCUSSIONS REGARDING
AGREEMENT TO MUTUALLY END MERGER UNDER WHICH NO BREAK FEE WOULD
BE PAYABLE BY EITHER PARTY

Source text: (http://bit.ly/2MuAzFZ)
Further company coverage:  SITO.O 

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