Edition:
United Kingdom

Universal Mcloud To Acquire Fulcrum Automation Technologies And Autopro Automation


Wednesday, 12 Jun 2019 

June 12 (Reuters) - Universal mCloud Corp ::UNIVERSAL MCLOUD SIGNS FINAL BINDING DEFINITIVE AGREEMENT TO ACQUIRE FULCRUM AUTOMATION TECHNOLOGIES AND AUTOPRO AUTOMATION.UNIVERSAL MCLOUD CORP - BASED ON A CLOSING SHARE PRICE OF C$0.37 ON JUNE 11, 2019 TOTAL TRANSACTION VALUE IS C$40.2 MILLION..UNIVERSAL MCLOUD CORP - UPON COMPLETION OF TRANSACTION, MCLOUD WILL OWN 100% OF FULCRUM AND, INDIRECTLY, AUTOPRO.UNIVERSAL MCLOUD-CONSIDERATION VALUE TO BE SATISFIED BY PAYMENT OF C$18 MILLION IN CASH, ISSUANCE OF 60 MILLION MCLOUD SHARES TO SHAREHOLDERS OF FULCRUM, AUTOPR. 

Company Quote

0.37
-0.005 -1.33%
19 Jul 2019