OTCPK:MECVF - Post by User
Post by
Betteryear2on Mar 11, 2024 7:44am
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Post# 35925912
mdf commerce enters definitive agreement
mdf commerce enters definitive agreement - mdf commerce shareholders to receive C$5.80 in cash per share, representing C$255 million in total equity value and a premium of approximately 58% to the closing price of the common shares on the TSX on March 8, 2024
- Transaction provides immediate liquidity and certainty of value to mdf commerce shareholders
- mdf commerce Board of Directors unanimously recommends that shareholders vote in favour of the transaction
- KKR to support mdf commerce’s ambition to grow into a leading enterprise software platform
MONTREAL, March 11, 2024 (GLOBE NEWSWIRE) -- mdf commerce inc. (“mdf commerce” or the “Company”) (TSX:MDF), a SaaS leader in digital commerce technologies, today announced it has entered into an arrangement agreement (the “Arrangement Agreement”) to be acquired by funds managed by KKR, a leading global investment firm, in an all-cash transaction (the “Transaction”). Upon completion of the Transaction, mdf commerce will become a privately held company.
mdf commerce enters definitive agreement to be acquired by (globenewswire.com)