Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Mood Media To Buy DMX Holdings - Quick Facts

RELATED NEWS
Trade MM.L now with 

Mood Media Corp. (MM.L, MM.TO: Quote) has inked a deal to acquire DMX Holdings Inc. for $86.1 million in cash, including net debt repaid on closing, subject to certain adjustments for working capital. The equity value of the transaction would be around $53.8 million.

To satisfy the consideration payable in relation with the DMX purchase, Mood Media has reached placing agreements in Canada and the UK to complete a private placement of 31.8 million shares, to be issued at 231 pence per common share or C$3.60 per share, raising 73.5 million pounds or C$114.5 million before expenses. The additional net proceeds of the private placement would be used for general corporate purposes.

Click here to receive FREE breaking news email alerts for Mood Media Corp. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.