February 21, 2018 / 1:18 PM / 6 months ago

BRIEF-Cogint Announces Update on Business Combination with BlueFocus and Spin-Off of Data and Analytics Company

Feb 21 (Reuters) - Cogint Inc:

* COGINT ANNOUNCES UPDATE ON BUSINESS COMBINATION WITH BLUEFOCUS AND SPIN-OFF OF DATA AND ANALYTICS COMPANY AND PROVIDES BUSINESS UPDATE

* COGINT - CO, BLUEFOCUS HAVE WITHDRAWN APPLICATION AND TERMINATED DEAL

* COGINT INC - POST SPIN-OFF, COMPANY EXPECTS FLUENT TO BE PROFITABLE FROM DAY ONE

* COGINT INC - “‍AS A RESULT OF POLITICAL CLIMATE” REGARDING CHINESE-BASED ACQUIRERS OF U.S. COS, CFIUS INDICATED UNWILLINGNESS TO APPROVE BLUEFOCUS​ DEAL

* COGINT INC - ‍COGINT WILL CONTINUE WITH “ACCELERATED” SPIN-OFF OF RED VIOLET​

* COGINT - PROVIDING FULL-YEAR 2018 GUIDANCE FOR FLUENT ALONE, AS A STANDALONE COMPANY, OF $238 - $245 MILLION IN REVENUE AND $38 - $45 MILLION IN EBITDA Source text for Eikon: nBw6QpQRBa Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below