GREY:SYTHF - Post by User
Post by
pointofreturnon Feb 27, 2012 8:22pm
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Post# 19594747
Earlier this year,
Earlier this year, Synchronica, a company headquartered in the UK but listed on the TSX Venture Exchange received a buyout offer from Swiss-based Myriad AG. Soon after, Synchronica announced its board could not come to an agreement with Myriad AG and advised shareholders to take no action. And then, a surprise, as Synchronica announced it has signed a Letter of Intent with Toronto’s Intertainment Media to integrate Synchronica’s flagship messaging platform, Mobile Gateway, with Intertainment Media’s Ortsbo experiential language technology. As part of the transaction, Intertainment Media will also, subject to Synchronica shareholder approval, invest up to CDN $ 10 million in Synchronica. On heavy volume, shares of the company have nearly doubled since mid-December. As the news broke on the deal, Cantech Letter’s Nick Waddell talked to Synchronica CEO Angus Dent and Intertainment Media CEO David Lucatch about the deal.