March 11 (Reuters) - Appen Ltd (APX) :
- TO ACQUIRE FIGURE EIGHT AND LAUNCH CAPITAL RAISING
- PAYMENT OF UPFRONT CONSIDERATION OF US$175 MILLION PLUS EARN-OUT CONSIDERATION PAYABLE IN MARCH 2020, EXPECTED TO BE US$60-80 MILLION
- WILL CONDUCT AN OFFER OF NEW SHARES UNDER A SHARE PURCHASE PLAN TO RAISE A MAXIMUM OF A$15 MILLION
- ACQUISITION WILL BE FUNDED THROUGH A$285 MILLION FULLY UNDERWRITTEN PLACEMENT AT AN OFFER PRICE OF A$21.50 PER NEW SHARE
- ALSO ENTERED US$125 MILLION OF NEW DEBT FACILITIES TO FUND EARN-OUT PAYMENT UNDER ACQUISITION
Source text:(http//bit.ly/2tZLEoJ)
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March 11 (Reuters) - Appen Ltd (APX) : TO ACQUIRE FIGURE EIGHT...
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Last
$2.67 |
Change
0.110(4.30%) |
Mkt cap ! $400.4M | |||
| Open | High | Low | Value | Volume |
| $2.61 | $2.72 | $2.60 | $8.353M | 3.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 12438 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.67 | 6834 | 4 |
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