Brief: Upland Software Acquires Second Street Media Inc

Upland Software

20/01/2021 14:34

Jan 20 (Reuters) - Upland Software Inc  UPLD.O :
    * UPLAND SOFTWARE INC - ACQUIRED SECOND STREET MEDIA, INC
    * UPLAND SOFTWARE INC - PURCHASE PRICE PAID FOR SECOND
STREET WAS
$25.4 MILLION IN CASH AT CLOSING (NET OF CASH ACQUIRED)
    * UPLAND SOFTWARE INC - ALSO PAID FOR SECOND STREET $5.0
MILLION
CASH HOLDBACK PAYABLE IN 12 MONTHS (SUBJECT TO INDEMNIFICATION
CLAIMS).
    * UPLAND SOFTWARE INC - ACQUISITION WILL BE IMMEDIATELY
ACCRETIVE
TO UPLAND’S ADJUSTED EBITDA PER SHARE
    * UPLAND SOFTWARE INC - PRICE PAID FOR SECOND STREET IN CASH
WAS
PAID OUT OF CASH ON HAND

Source text: [ID: https://refini.tv/3sPySXl]
Further company coverage:  UPLD.O 

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