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BRIEF-CLX Communications places a binding offer to acquire Sinch
December 9, 2016 / 7:11 AM / in 10 months

BRIEF-CLX Communications places a binding offer to acquire Sinch

Dec 9 (Reuters) - CLX Communications AB (publ) :

* Places a binding offer to acquire Sinch AB

* Offer corresponds to a valuation of Sinch at an enterprise value totaling 130 million Swedish crowns ($14 million)

* As part of offer CLX has offered sinch a loan of 10 million crowns of purchase price through a convertible to assure access to working capital

* Payment partly in CLX shares and partly in cash through certain of sinch’s loans being repaid by CLX Source text for Eikon:

Further company coverage: ($1 = 9.1288 Swedish crowns) (Gdynia Newsroom)

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