Brief: Concurrent to sell content delivery & storage business to Vecima Networks for $29 mln

Vecima Networks

16/10/2017 13:00

Oct 16 (Reuters) - Concurrent Computer Corp  CCUR.O  
    * Concurrent enters definitive agreement to sell content 
delivery & storage business to Vecima Networks for $29 million 
    * Concurrent enters definitive agreement to sell content 
delivery & storage business to Vecima Networks for $29 million 
    * Concurrent Computer Corp - deal for $29 million 
    * Concurrent Computer Corp - certain concurrent 
stockholders have entered into voting agreements to vote in 
favor of proposed transaction 
    * Concurrent Computer Corp - proposed transaction has been 
approved by board of directors of both companies 
    * Concurrent Computer Corp  - board established investment 
committee to evaluate options to "maximize value" of co's assets 
    * Concurrent Computer Corp - Post deal close, anticipate to 
have debt free balance sheet with about $67 million in pro forma 
working capital&substantial retained tax assets 
 
Source text for Eikon:  ID:nGNXOEXUMa  
Further company coverage:  CCUR.O  
 
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