Brief: Battery Ventures To Buy Field Intelligence Firm TrueContext For $150 Mln

Truecontext

13/03/2024 13:12

March 13 (Reuters) - Truecontext Corp  TCXT.V :
    * TRUECONTEXT ANNOUNCES DEFINITIVE AGREEMENT TO BE ACQUIRED
BY
BATTERY VENTURES IN AN ALL-CASH TRANSACTION
    * TRUECONTEXT CORP - PROPOSED DEAL FOR FOR $1.07 PER SHARE
IN CASH
    * TRUECONTEXT CORP - TRANSACTION VALUES COMPANY'S TOTAL
EQUITY AT
APPROXIMATELY $150 MILLION ON A FULLY DILUTED BASIS
    * TRUECONTEXT CORP - UPON COMPLETION OF TRANSACTION,
TRUECONTEXT
WILL BECOME A PRIVATELY HELD COMPANY

Source text for Eikon:  ID:nGNX3MzcP2 
Further company coverage:  TCXT.V 

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