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News: MOQ MOQ Executes Binding Agreement To Acquire Wardy IT Solutions

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    12/08/19
    11:25
    Post #: 39961401

    Aug 12 (Reuters) - MOQ Ltd (MOQ) :

    • EXECUTED A BINDING AGREEMENT TO ACQUIRE 100% OF SHARES IN WARDY IT SOLUTIONS PTY LIMITED
    • PURCHASE PRICE COMPRISES AN UPFRONT CONSIDERATION OF $7.5 MILLION
    • PURCHASE PRICE ALSO COMPRISES A POTENTIAL ADDITIONAL DEFERRED EARN-OUT OF UP TO A MAXIMUM OF $6.0 MILLION
    • TRANSACTION TO BE IMMEDIATELY EPS ACCRETIVE
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