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BRIEF-Bluefocus International and Cogint to combine businesses
September 7, 2017 / 10:35 AM / 2 months ago

BRIEF-Bluefocus International and Cogint to combine businesses

Sept 7 (Reuters) - Cogint Inc

* Bluefocus International and Cogint announce agreement to combine businesses

* Combined company is expected to be listed on Nasdaq​

* Bluefocus International Limited, co will combine assets to form a new global marketing services organization​

* Bluefocus to own 63% of combined company on a fully diluted basis; Cogint shareholders to own 37% and receive cash dividend​

* Bluefocus, Vision7 International and We Are Social will contribute $100 million in cash to fund a special dividend to pre-closing stockholders​

* Immediately prior to closing, will spin-off IDI into a public company, expected to be listed on Nasdaq, named Red Violet Inc​

* Shares of Red Violet will be distributed to Cogint’s pre-closing shareholders as a stock dividend​

* Bluefocus Communications Group Co Ltd is not a party to transaction and its listing on Shenzhen Stock Exchange will be unaffected​ Source text for Eikon: Further company coverage:

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