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2 months ago
BRIEF-POSTMEDIA ANNOUNCES THE SALE OF INFOMART TO MELTWATER NEWS INC
June 22, 2017 / 6:58 PM / 2 months ago

BRIEF-POSTMEDIA ANNOUNCES THE SALE OF INFOMART TO MELTWATER NEWS INC

June 22 (Reuters) - Postmedia Network Canada Corp

* PRESS RELEASE - POSTMEDIA ANNOUNCES THE SALE OF INFOMART

* DEAL FOR GROSS PROCEEDS OF $38.25 MILLION

* NET PROCEEDS FROM SALE WILL BE USED FOR DEBT REPAYMENT

* AMOUNT EQUAL TO 15% OF PURCHASE PRICE WILL BE PAID INTO ESCROW TO SATISFY CLAIMS ARISING UNDER PURCHASE AGREEMENT

* INCLUDED IN TRANSACTION ARE INFOMART'S MEDIA MONITORING BUSINESS, DIRECT FEED BUSINESS, PROFESSIONAL SERVICES OPERATIONS

* CO'S UNIT POSTMEDIA NETWORK TO SELL ITS MEDIA MONITORING DIVISION INFOMART TO MELTWATER NEWS CANADA Source text for Eikon: Further company coverage:

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