Smart Eye AB (publ) logo

SEYE - Smart Eye AB (publ) News Story

SEK208 0.0  0.0%

Last Trade - 9:04am

Sector
Technology
Size
Small Cap
Market Cap £344.4m
Enterprise Value £317.3m
Revenue £7.00m
Position in Universe 589th / 1888

BRIEF-Smart Eye Enters Agreement To Buy Affectiva

Wed 26th May, 2021 7:26am
May 26 (Reuters) - Smart Eye AB  SEYE.ST 
    * SAID ON TUESDAY CO ENTERED INTO AGREEMENT WITH
SHAREHOLDERS OF
AFFECTIVA, INC. TO BUY 100% OF SHARES IN AFFECTIVA FOR A
CONSIDERATION OF USD 73.5 MLN
    * CONSIDERATION CONSISTS PARTLY OF SHARES IN SMART EYE AND
PARTLY
OF A CASH PAYMENT
    * USD 67.5 MLN WILL BE PAID IN 2,354,668 SHARES IN SMART EYE
AND
THE REMAINDER WILL BE PAID IN CASH
    * CLOSING OF THE TRANSACTION IS EXPECTED TO TAKE PLACE
BEFORE THE
END OF JUNE 2021
    * BOARD ALSO INTENDS TO EXPLORE CONDITIONS TO CARRY OUT NEW
SHARE
ISSUE OF AROUND SEK 275 MLN DIRECTED TO SWEDISH AND
INTERNATIONAL INSTITUTIONAL INVESTORS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFNZ9PNY
    
 Further company coverage:  SEYE.ST  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.