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1 个月前
BRIEF-Mastech Digital to acquire InfoTrellis for $55 mln
2017年7月7日 / 中午12点15分 / 1 个月前

BRIEF-Mastech Digital to acquire InfoTrellis for $55 mln

2 分钟阅读

July 7 (Reuters) - Mastech Digital Inc

* Mastech Digital to acquire InfoTrellis

* Mastech Digital Inc - Deal for $55 million

* Mastech Digital Inc says funding for transaction will consist of a combination of debt and equity

* Mastech Digital Inc says new $65 million facility with PNC Bank will provide debt financing for transaction

* Mastech Digital Inc - Deal for $35.7 million paid in cash at closing and $19.3 million deferred over next two years

* Mastech Digital - ‍Deferred purchase price is contingent upon acquired business generating specified ebit targets during two years following closing​

* Mastech Digital Inc - Funding for transaction will consist of a combination of debt and equity

* Mastech Digital Inc - Equity financing will be completed through a $6 million private placement of newly issued shares of co's common stock

* Mastech Digital - Terms of private placement were negotiated and approved by special committee of independent directors, independent financial advisor Source text for Eikon: Further company coverage:

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