Key Developments: ChyronHego Corp (CHYR.OQ)
1.38USD
18 Jun 2013
$0.10 (+7.81%)
$1.28
$1.33
$1.38
$1.25
8,689
4,616
$1.76
$0.48
Latest Key Developments (Source: Significant Developments)
Chyron Corp And Hego AB Announces Completion Of Merger
Chyron Corp announced that its merger with Hego AB has been finalized, creating ChyronHego Corporation. The companies combined in a cash and stock-for-stock transaction on May 22, 2013. The combined company, headquartered in Melville, N.Y., will continue to trade on the NASDAQ under the symbol CHYR.Under the terms of the agreement, Hego AB shareholders received a total of 12,199,431 shares of Chyron common stock and $1,000 in cash in exchange for all of Hego's outstanding capital stock. Following the transaction, Hego AB shareholders own approximately 40% of the combined company, and Chyron shareholders own approximately 60%. In addition, upon the achievement of certain revenue milestones during 2013, 2014 and/or 2015, Hego's shareholders will also be entitled to receive additional shares of Chyron common stock such that the total number of shares of Chyron common stock issued in the transaction is equal to 50% of the aggregate shares of Chyron common stock outstanding, including certain outstanding options, after the closing. Full Article
Chyron Corporation And Ventuz Announce Key Technology Partnership
Chyron Corporation and German software developer Ventuz Technology AG announced that they are entering into a strategic technology partnership. Ventuz is known for 3D real-time software, which is used predominantly for high-end presentations, interactive applications, and on-air graphics. Through this important partnership, both companies will expand the range of live graphics solutions they can make available to their customers. Full Article
Chyron Corporation Announces Sky Sports News as First Axis World Graphics Customer in Europe
Chyron Corporation announced that Sky Sports News is the first broadcaster in Europe to implement the Company's Axis World Graphics cloud-based content creation platform. At Sky Studios, BSkyB's new West London headquarters, the Axis World Graphics solution is being implemented within a BlueNet workflow that also features Chyron's CAMIO graphics management servers, iSQ remote monitoring and playout application, and 10 fully configured HyperX3.1 systems which support streamlined graphics creation and playout for Sky Sports News' on-air graphics. Full Article
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