Brief: Vitec Acquires Software Company Neagen

Vitec Software AB (publ)

13/06/2023 08:09

June 13 (Reuters) - Vitec Software Group AB (publ)
 VITb.ST :
    * VITEC ACQUIRES THE SOFTWARE COMPANY NEAGEN OY
    * SIGNS AGREEMENT TO ACQUIRE ALL SHARES IN FINNISH SOFTWARE
COMPANY NEAGEN OY
    * PAYMENT WILL BE IN CASH AND WITH A CONVERTIBLE
    * ACQUISITION IS EXPECTED TO YIELD AN IMMEDIATE INCREASE IN
EARNINGS PER SHARE FOR VITEC
    * BEFORE CLOSING, ACQUISITION NEEDS APPROVAL FROM FINNISH
MINISTRY
OF ECONOMIC AFFAIRS AND EMPLOYMENT UNDER ACT ON MONITORING OF
FOREIGN CORPORATE ACQUISITIONS IN FINLAND

Source text for Eikon:  ID:nMFN12m3cv 
Further company coverage:  VITb.ST 

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