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On Assignment Inc closes acquisition of CyberCoders Holdings, Inc

Friday, 6 Dec 2013 11:42am EST 

On Assignment Inc:Says the completion of its acquisition of CyberCoders Holdings, Inc, a technology-enabled national permanent placement recruiting firm.Says the closing follows the execution of the Stock Purchase Agreement between the parties on Nov. 25, 2013 which was previously announced on Dec. 2, 2013.Says under terms of the Agreement, On Assignment acquired CyberCoders for $94 million in cash and up to an additional $11 million based on future operating performance.Says the purchase price was funded out of cash on hand and borrowings under the company's revolving credit facility. 

Company Quote

-0.1 -0.35%
22 Oct 2014