Systemax Inc (SYX.N) Key Developments |
United States

Systemax Inc (SYX.N)

SYX.N on New York Stock Exchange

24 Jun 2016
Change (% chg)

$-0.53 (-5.78%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

PCM Announces Acquisition of Certain Business to Business (B2B) Assets of Systemax inc's North American Technology Group including the TigerDirect Brand
Wednesday, 18 Nov 2015 09:15am EST 

PCM, Inc. and Systemax Inc:Says that they have entered into a definitive agreement under which PCM will acquire certain Business to Business (B2B) assets of Systemax's North American Technology Group (NATG) including TigerDirect brand for $14 million in cash.PCM will not acquire cash, accounts receivable, inventory or trade payables in connection with transaction.transaction, which is subject to customary closing conditions, is expected to close on December 1, 2015.Under terms of agreement, PCM will acquire right to hire about 400 B2B sales representatives located across United States and Canada, all rights to NATG B2B customer list , certain B2B customer and vendor contracts, trademarks.And also will acquire other intellectual property rights including TigerDirect brand, and certain fixed assets and equipment.At closing, parties will enter into transition services agreement to facilitate an orderly transition of purchased assets.PCM expects that acquisition will significantly enhance PCM's footprint in small-medium-business marketplace, as well as in educational and public sector markets.  Full Article

Systemax Inc completes acquisition of North American business-to-business MRO Supplier
Friday, 30 Jan 2015 04:10pm EST 

Systemax Inc:Announced that its Industrial Products Group has completed acquisition of the Plant Equipment Group (PEG), from TAKKT America for $25.9 million in cash, subject to certain post-closing working capital adjustments.  Full Article

Systemax Inc signs definitive agreement to acquire North American Business
Friday, 2 Jan 2015 12:15am EST 

Systemax Inc:Says that its Industrial Products Group has signed a definitive agreement to acquire the Plant Equipment Group, a business-to-business direct marketer of maintenance, repair and operations ("MRO") products, from TAKKT America for $25 million in cash.The acquisition, which will be funded from Systemax's cash on hand, is expected to close in Jan. 2015.  Full Article

BRIEF-Systemax reports Q1 earnings per share $0.06

* Systemax inc qtrly gaap loss per share from continuing operations $1.1 Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)