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Broadband

Espial signs agreement to acquire Kasenna

Tuesday 1 July 2008 | 14:20 CET | News
IPTV middleware and applications specialist Espial has entered into an agreement with Kasenna, pursuant to which Espial will acquire all the outstanding shares of Kasenna in exchange for an aggregate of 4.72 million Espial common shares. This represents 51.2 percent of the issued and outstanding shares of Espial before giving effect to the transaction and will represent approximately 33.6 percent of the issued and outstanding shares of Espial on an after-issue basis. 200,954 of the common shares to be issued in connection with the merger will be issued to certain key officers and directors of

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Categories: Internet
Companies: Kasenna
Countries: World
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