Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Wright Reports
$75.00
Provider: Directors Deals Ltd.
$12.00
Provider: GlobalData
$50.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

AllDigital Holdings Inc And Broadcast International, Inc. Agree To Merge


Monday, 7 Jan 2013 08:54am EST 

AllDigital Holdings Inc and Broadcast International, Inc. announced that they have entered into a definitive agreement to merge in an all-stock transaction. Under the terms of agreement, AllDigital shareholders will receive a number of shares of Broadcast International common stock representing 54% of the post-closing shares of Broadcast common stock, with both share totals calculated on a modified fully diluted basis. As part of the transaction, Broadcast International will seek shareholder approval for a reverse stock split to be effective prior to closing at a ratio of one post-reverse share for each 10 pre-reverse shares to begin to position the Company for a transition to a exchange such as NYSE MKT LLC (formerly AMEX) or the Nasdaq Capital Market. The combined company will be called AllDigital Broadcasting, Inc. Paul Summers will be the CEO of the new, combined company. Prior to AllDigital, Mr. Summers was CEO and co-founder of VitalStream Holdings, Inc. that was sold to Internap for over $210 million in stock. Tim Napoleon will be the Chief Strategist. Before co-founding AllDigital, Mr. Napoleon was Chief Strategist of Media and Entertainment for Akamai Technologies. John Walpuck will hold the position of COO and CFO. Corporate headquarters will be located in Irvine, California, with a satellite office in Salt Lake City, Utah. 

Company Quote

0.09
-0.01 -10.00%
13 Aug 2014