December 19, 2016 / 6:05 AM / 8 months ago

BRIEF-Automated Systems says a unit to acquire Grid Dynamics International

Dec 19 (Reuters) - Automated Systems Holdings Ltd -

* Company, purchaser and merger sub entered into merger agreement with target company and securityholder representative

* Pursuant to agreement company agreed to acquire target company for cash consideration

* Deal for total cash consideration of approximately us$118 million

* Deal in relation to acquisition of Grid Dynamics International, Inc

* Purchaser being Gdd International Holding Company

* Application has been made for resumption of trading in shares with effect from 1:00 p.m. On 19th Dec 2016 Source text for Eikon: Further company coverage:

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