Usio Inc: Gains on LOI to buy Information Management Solutions

Usio

09/12/2020 12:53

** Payment solutions provider's shares  USIO.O  up 40.99% at
$2.58 premarket, among top gainers on Nasdaq
    ** Company signs letter of intent to acquire assets of
Information Management Solutions LLC  urn:newsml:reuters.com:*:nGNX5ZcdXZ
    ** USIO expects the acquisition to be immediately accretive,
when and if closed, and also highly synergistic
    ** San Antonio, Texas-based IMS provides printing and
mailing services
    ** Transaction details were not disclosed
    ** Up to Tuesday's close, stock up 17.3% YTD

 (Reporting by Rithika Krishna)
 ((Rithika.Krishna@thomsonreuters.com))