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BRIEF-Adapt IT says to buy CDR Live and subsidiaries
November 22, 2017 / 10:07 AM / 22 days ago

BRIEF-Adapt IT says to buy CDR Live and subsidiaries

Nov 22 (Reuters) - ADAPT IT HOLDINGS LTD:

* ‍TOTAL PURCHASE CONSIDERATION COMPRISES A CASH AMOUNT OF R42.8 MILLION

* ‍LEGAL EFFECTIVE DATE OF ACQUISITION IS 1 JULY 2017​

* ‍TOTAL PURCHASE CONSIDERATION COMPRISE ALSO A CONTINGENT EARN-OUT AMOUNT LIMITED TO A MAXIMUM PURCHASE CONSIDERATION OF R31.2 MILLION

* ENTERED INTO FOUR TRANSACTION AGREEMENTS TO BUY CDR LIV, LGR SOUTH AFRICA AND LGR AUSTRALIA​, SHARE CAPITAL OF AND SHAREHOLDER CLAIMS IN LGR ANALYTICS

* ‍ACQUISITION IS SUBJECT TO CONDITIONS PRECEDENT, ALL OF WHICH ARE EXPECTED TO BE FULFILLED BY NO LATER THAN 31 JAN 2018​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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