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BRIEF-Concurrent to sell content delivery & storage business to Vecima Networks for $29 mln
October 16, 2017 / 2:51 PM / a month ago

BRIEF-Concurrent to sell content delivery & storage business to Vecima Networks for $29 mln

Oct 16 (Reuters) - Concurrent Computer Corp

* Concurrent enters definitive agreement to sell content delivery & storage business to Vecima Networks for $29 million

* Concurrent enters definitive agreement to sell content delivery & storage business to Vecima Networks for $29 million

* Concurrent Computer Corp - deal for ‍$29 million​

* Concurrent Computer Corp - ‍certain concurrent stockholders have entered into voting agreements to vote in favor of proposed transaction​

* Concurrent Computer Corp - ‍proposed transaction has been approved by board of directors of both companies​

* Concurrent Computer Corp - ‍board established investment committee to evaluate options to “maximize value” of co’s assets

* Concurrent Computer Corp - Post deal close, anticipate to have debt free balance sheet with about $67 million in pro forma working capital&substantial retained tax assets​ Source text for Eikon: Further company coverage:

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