R4E has announced the acquisition of Sold Out, a leading full-service advertising agency that specialises in the arts and entertainment sector. Initial consideration of £4.19m will be part-funded by a £3.0m placing of 250m shares at 1.20p, with deferred consideration for the next three years to a total cap of £10m. We view the strategic rationale of the deal as compelling, with significant scope to cross sell services across the enlarged client base of R4E, which focuses on theatrical releases, ....
22 Feb 2019
Acquisition of Sold Out & Placing
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Acquisition of Sold Out & Placing
Reach4Entertainment Enterprises (R4E:LON) | 0 0 0.0%
- Published:
22 Feb 2019 -
Author:
Paul Richards -
Pages:
19
R4E has announced the acquisition of Sold Out, a leading full-service advertising agency that specialises in the arts and entertainment sector. Initial consideration of £4.19m will be part-funded by a £3.0m placing of 250m shares at 1.20p, with deferred consideration for the next three years to a total cap of £10m. We view the strategic rationale of the deal as compelling, with significant scope to cross sell services across the enlarged client base of R4E, which focuses on theatrical releases, ....