UPD updater inc
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News: UPD Updater enters into binding purchase to acquire IGC and ACI

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    06/09/17
    18:20
    Post #: 27041724

    Sept 6 (Reuters) - Updater Inc (UPD) -

    • 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
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