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ST Ives plc announces acquisition of Health Hive Group Limited

Thursday, 1 May 2014 02:00am EDT 

ST Ives plc:Acquires Health Hive Group Limited, a business providing strategic consulting and communications services to healthcare and pharmaceuticals industries.Agrees to acquire Hive, on cash and debt free basis, for 20.9 mln Pounds, to be satisfied by about 16.8 mln Pound in cash and about 2.1 mln Pounds in St Ives shares.Further consideration of up to 29.1 mln Pounds may be payable (to be satisfied 80 pct in cash and 20 pct in shares) dependent on incremental financial perfor. 

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-0.25 -0.12%
4:34am EST