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TeamTalk Ltd Announces Conditional Acquisition Of The Farmside Group

Thursday, 1 Nov 2012 06:06pm EDT 

TeamTalk Ltd announced that it has entered into a conditional Share Sale Agreement with all of the shareholders of BayCity Communications Limited for the acquisition by TeamTalk of all of the shares in BayCity (referred to as the Farmside Group Shares). The purchase price is made up of an initial NZD 31.0 million payable on settlement and an earn-out amount of up to NZD 11.05 million (the Earn-Out Consideration) which is payable only if certain earnings thresholds are met. The gross purchase price payable for the Farmside Group Shares is a maximum of NZD 42.05 million. 

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0.02 +1.25%
25 Jul 2014