Edition:
India

Enghouse Systems Ltd To Acquire Espial Group Inc For About C$56.5 Mln


Monday, 25 Mar 2019 

March 25 (Reuters) - Espial Group Inc ::ENGHOUSE SYSTEMS LIMITED TO ACQUIRE ESPIAL GROUP INC..ESPIAL GROUP INC - EACH ESPIAL SHAREHOLDER (A "SHAREHOLDER") WILL RECEIVE CASH CONSIDERATION OF C$1.57 FOR EACH ESPIAL SHARE HELD.ESPIAL GROUP INC - DEAL FOR APPROXIMATELY C$56.5 MILLION.ESPIAL GROUP INC - ALL CASH OFFER THAT IS NOT SUBJECT TO A FINANCING CONDITION.ESPIAL GROUP INC - BOARD UNANIMOUSLY APPROVED TRANSACTION.ESPIAL GROUP INC ARRANGEMENT AGREEMENT INCLUDES A TERMINATION FEE OF C$2.0 MILLION, PAYABLE BY ESPIAL, UNDER CERTAIN CIRCUMSTANCES. 

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