June 10, 2020 / 1:19 AM / a month ago

BRIEF-Mach7 Technologies Says To Acquire Client Outlook Group

June 10 (Reuters) - Mach7 Technologies Ltd:

* TO ACQUIRE CLIENT OUTLOOK GROUP AND LAUNCH CAPITAL RAISING

* ACQUIRING CLIENT OUTLOOK FOR CA$38.5M ALL CASH

* TO FUND ACQUISITION VIA ENTITLEMENT OFFER AND PLACEMENT TO RAISE A$34.8 MILLION

* ACQUISITION INCREASES CONTRACTED ANNUAL RECURRING REVENUES BY 70% TO $14.75 MILLION

* PLACEMENT, ENTITLEMENT OFFER TO BE ISSUED AT $0.68 PER SHARE Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below