Edition:
United States

Allied Electronics agrees to acquire 100% of issued share capital of Blenheim


Friday, 29 Sep 2017 03:00am EDT 

Sept 29 (Reuters) - Allied Electronics Corporation Ltd :HAS ENTERED INTO A SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF BLENHEIM.‍BYTES UK WILL ACQUIRE ISSUED SHARE CAPITAL OF BLENHEIM FOR A CONSIDERATION OF £35.9 MILLION​.‍ACQUISITION WILL BE FUNDED WITH A COMBINATION OF INEXPENSIVE BANK FUNDING AND BYTES UK'S OWN RESOURCES​.