Edition:
India

Forum Merger Corp (FMCI.OQ)

FMCI.OQ on NASDAQ Stock Exchange Capital Market

8.90USD
16 Feb 2018
Change (% chg)

$-0.58 (-6.12%)
Prev Close
$9.48
Open
$9.54
Day's High
$9.54
Day's Low
$8.85
Volume
1,110
Avg. Vol
17,320
52-wk High
$10.66
52-wk Low
$8.85

Latest Key Developments (Source: Significant Developments)

Convergeone Announces Combination With Forum Merger to Become Nasdaq-Listed Co, With Anticipated Enterprise Value Of About $1.2 Bln
Friday, 1 Dec 2017 

Dec 1 (Reuters) - CONVERGEONE::CONVERGEONE ANNOUNCES COMBINATION WITH FORUM MERGER CORPORATION TO BECOME PUBLICLY LISTED COMPANY.CONVERGEONE SAYS DEAL WILL ENABLE CO TO BECOME A NASDAQ-LISTED PUBLIC CO, WITH AN ANTICIPATED INITIAL ENTERPRISE VALUE OF ABOUT $1.2 BILLION.CONVERGEONE - IMMEDIATELY UPON CONSUMMATION OF TRANSACTION, FORUM WILL CHANGE ITS NAME TO CONVERGEONE.CONVERGEONE - CLEARLAKE WILL REMAIN LARGEST SHAREHOLDER IN COMBINED COMPANY UPON COMPLETION OF TRANSACTION.CONVERGEONE- ON COMPLETION OF BUSINESS COMBINATION, COMBINED CO WILL CONTINUE TO BE LED BY JOHN A. MCKENNA JR. AS CHAIRMAN AND CEO.CONVERGEONE - PART OF CONSIDERATION PAYABLE TO EXISTING CONVERGEONE SHAREHOLDERS WILL CONSIST OF SHARES OF FORUM COMMON STOCK.CONVERGEONE - EXISTING CONVERGEONE SHAREHOLDERS HAVE POTENTIAL TO RECEIVE AN EARNOUT IF CERTAIN CONVERGEONE ADJUSTED. EBITDA TARGETS ARE MET.CONVERGEONE-AFTER REDEMPTIONS, BALANCE OF ABOUT $175 MILLION WITH $144 MILLION IN PLACEMENTS TO BE USED TO PAY EXISTING CO SHAREHOLDERS CASH CONSIDERATION.  Full Article

BRIEF-Convergeone Signs Agreement To Buy Arrow Electronics' Systems Integration Business For $36 Million​

* FORUM MERGER SAYS‍ CONVERGEONE SIGNED AGREEMENT TO BUY ARROW ELECTRONICS' SYSTEMS INTEGRATION BUSINESS FOR CASH CONSIDERATION OF $36 MILLION​ - SEC FILING Source text : [http://bit.ly/2BvNFhp] Further company coverage:

No consensus analysis data available.