DG FastChannel Inc. (DGIT) announced that it has completed the acquisition of Enliven Marketing Technologies Corporation (ENLV). Valued at approximately $71 million, inclusive of approximately $5.0 million of debt, the Company merged with Enliven in a stock-for-stock transaction.
Under the terms of the merger agreement each outstanding share of Enliven common stock is being exchanged for 0.033 shares of DG FastChannel common stock. In aggregate, DG FastChannel is issuing about 2.9 million shares of its common stock. Reflecting the completion of the merger, DG FastChannel has approximately 20.9 million shares of common stock outstanding and Enliven has become a wholly-owned subsidiary of DG FastChannel.
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