Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00
Provider: Sadif Analytics Prime
$25.00
Provider: Directors Deals Ltd.
$12.00
Provider: Wright Reports
$75.00

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.

MultiQ International AB to Acquire Publiq Systems Nordic AB; to Conduct Rights Issue


Friday, 30 Aug 2013 02:30am EDT 

MultiQ International AB announced that it has entered into an agreement to acquire Publiq Systems Nordic AB (Publiq). In connection with the acquisition, a rights issue in the Company will be conducted. The issue is fully underwritten by Mikrolund Holding AB, MultiQ's main shareholder and also principal owner of Publiq. MultiQ's operations in Malmo and Publiq’s operations in Lund will be integrated into one entity. The new company will also have offices in Stockholm, Oslo and London. After the merger, the new company will have approximately 40 employees. The acquisition of Publiq will be done by MultiQ’s acquisition of all outstanding shares of Publiq payed with 35,913,576 new shares in MultiQ (non-cash). MultiQ expects to take up shares in Publiq on September 30, 2013. In connection with acquisition of Publiq, is conducting a rights issue of approximately SEK 15 million, before issuance costs, with preferential rights for existing shareholders. Three existing shares entitle to subscribe four new shares at a price of SEK 0.40 per share. The rights issue thus includes maximum of 38,112,367 new shares. Record date for participation in the issue is October 7, 2013. The subscription period will run from October 9, 2013 to October 22, 2013. The rights issue is fully underwritten through subscription commitments and underwriting from Mikrolund Holding AB. Redeye is financial advisor and Advokatfirman Vinge is legal advisor to the Company in connection with proposed transactions. 

Company Quote

0.945
-0.045 -4.55%
7:49am EST