December 22, 2017 / 7:59 AM / 2 months ago

BRIEF-Cherry Acquires Majority Of Outstanding Shares Of Game Lounge

Dec 22 (Reuters) - Cherry Ab (Publ):

* CHERRY ACQUIRES MAJORITY OF THE OUTSTANDING SHARES OF GAME LOUNGE

* ACQUISITION IS EXPECTED TO BE FINANCED THROUGH A COMBINATION OF CASH AND A NEW ISSUE OF SHARES IN CHERRY AB.

* PURCHASE PRICE IS BASED ON MULTIPLE OF 4.5 TIMES 2017 PROFIT OF AFFILIATE OPERATION AND 6 TIMES 2017 PROFIT OF WHITE LABEL OPERATION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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