Brief: TargetEveryone to buy remaining 70% of Norwegian company Cloud Explorers

Spectrumone AB (publ)

18/02/2020 06:37

Feb 18 (Reuters) - TargetEveryOne AB (publ)  TEONE.ST :  
    * SAID ON HAD ENTERED AN AGREEMENT TO ACQUIRE THE REMAINING
70% OF
ITS NORWEGIAN ASSOCIATED COMPANY CLOUD EXPLORERS AS
    * TOTAL PURCHASE PRICE IS SEK 62.5 MLN
    * THE PURCHASE PRICE WILL BE SETTLED BY SEK 50 MLN IN CASH
AND
12.5 MLN IN SHARES IN TARGETEVERYONE
    * THE CLOSING OF THE TRANSACTION IS EXPECTED TO TAKE PLACE
ON OR
ABOUT APRIL 1, 2020
    * SAYS THROUGHOUT 2020 EXPECTS TO ANNOUNCE FURTHER
ACQUISITIONS
THAT WILL SUBSTANTIALLY INCREASE SALES, 
REALIZE SYNERGIES AND STRENGTHEN ITS DEVELOPMENT TEAM

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObinz1dLa
    
 Further company coverage:  TEONE.ST  
   
    
    

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