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BRIEF-AcuityAds acquires Visible Measures is an all-cash transaction valued at USD $10 million
March 9, 2017 / 8:26 PM / 8 months ago

BRIEF-AcuityAds acquires Visible Measures is an all-cash transaction valued at USD $10 million

March 9 (Reuters) - AcuityAds Holdings Inc:

* AcuityAds announces intent to acquire analytics-led video advertising leader, Visible Measures Corporation and announces a CDN $7.5 million bought-deal private placement co-led by Paradigm Capital and Haywood Securities

* Acquisition of Visible Measures is an all-cash transaction valued at USD $10 million

* Boards of each of AcuityAds and Visible Measures have unanimously voted in favor of transaction

* In order to finance a portion of acquisition of Visible Measures, AcuityAds has entered into an agreement with underwriters

* The underwriters have agreed to purchase 2.2 million common shares of AcuityAds, at a price of $3.40 per share Source text for Eikon: Further company coverage:

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