Gotta love these 6.30pm tech acquisition announcements that not many people see
SFN capped at $3.5 million and will still have sub 70 million shares on issue post deal
Acquisition priced at just 0.4 of earnings - $12 million annual earnings, SFN paying $4.5 million in shares and $500,000 cash to take control
Target is profitable, and revenue grew 56% in the last 9 months
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- Ann: Agreement to Acquire Swift Networks Group
Ann: Agreement to Acquire Swift Networks Group, page-2
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