Edition:
United Kingdom

Inap To Acquire Singlehop For $132 Million


Monday, 29 Jan 2018 

Jan 29 (Reuters) - Internap Corp ::INAP TO ACQUIRE SINGLEHOP.DEAL FOR $132 MILLION IN CASH.‍INAP WILL BE ACQUIRING SINGLEHOP IN AN ALL CASH DEAL FOR $132 MILLION​.COMBINED IMPACT OF SALES AND OPERATIONAL IMPROVEMENTS IS EXPECTED TO BE A CATALYST FOR GROWTH IN 2018.EXPECTED ANNUALIZED COST SYNERGIES OF $2 TO $3 MILLION FROM DEAL.INAP EXPECTS SINGLEHOP WILL CONTRIBUTE $45 TO $50 MILLION IN ANNUALIZED REVENUE POST-CLOSING.INAP HAS ENTERED INTO A COMMITMENT AGREEMENT WITH JEFFERIES FINANCE LLC TO PROVIDE A FULLY UNDERWRITTEN DEBT FINANCING. 

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21 Jun 2019