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BRIEF-Updater ‍enters into binding purchase to acquire IGC and ACI​
September 6, 2017 / 8:18 AM / 15 days ago

BRIEF-Updater ‍enters into binding purchase to acquire IGC and ACI​

Sept 6 (Reuters) - Updater Inc-

* ‍Entered into binding purchase agreements with certain majority stockholders in relation to acquisition of IGC and ACI

* Updater will pay aggregate of us$21.0m for both entities, comprising of up to us$16.8m in cash and updater common stock valued at us$4.2m

* Launched an institutional placement of about a$50 mln to finance acquisition​ Source text for Eikon: Further company coverage:

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