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Provider: Wright Reports

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Wilmington Group PLC Acquires Compliance Week For $11.2 Million-DJ

Friday, 16 Aug 2013 03:28am EDT 

Dow Jones reported that Wilmington Group PLC said it has acquired the trading assets and certain liabilities of Compliance Week, for a net consideration of $11.215 million in cash. Further deferred consideration of up to $3 million is potentially payable in cash subject to Compliance Week achieving challenging profit growth targets in the financial year ended June 30, 2015. The consideration and any deferred consideration will be financed out of the Group's existing GBP65 million multicurrency debt facility and the acquisition is expected to be earnings enhancing in the first full year of ownership. Compliance Week, a provider of governance, risk and compliance information and events, is being acquired from Haymarket Media Group. 

Company Quote

-4.25 -1.78%
27 Mar 2015