Posted On: 10/26/2013 2:48:07 AM
Post# of 99252
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FSNN News on Broadvox for those that missed it
The acquisition is scheduled to close during the fourth quarter 2013, subject to the satisfaction of certain conditions, including Fusion's receipt of sufficient financing to fund payment of the $32.1 million purchase price (plus an agreed-upon amount of post-acquisition working capital) (DONE), receipt of necessary regulatory approvals and certain third-party consents, audit of the financial statements of the Acquired Business and other specified conditions of closing. In addition, closing of the transaction is subject to demonstration that the Acquired Business achieved annualized earnings before interest, taxes, depreciation and amortization ("EBITDA") of not less than $5.0 million for the three months preceding the closing (with a downward adjustment of the purchase price to the extent that such annualized EBITDA is less than $6.0 million but more than $5 million) (DONE) means more customers, more revenue and a lot more profit.. The Company further expects to realize considerable synergies after the transaction is consummated.
The acquisition is scheduled to close during the fourth quarter 2013, subject to the satisfaction of certain conditions, including Fusion's receipt of sufficient financing to fund payment of the $32.1 million purchase price (plus an agreed-upon amount of post-acquisition working capital) (DONE), receipt of necessary regulatory approvals and certain third-party consents, audit of the financial statements of the Acquired Business and other specified conditions of closing. In addition, closing of the transaction is subject to demonstration that the Acquired Business achieved annualized earnings before interest, taxes, depreciation and amortization ("EBITDA") of not less than $5.0 million for the three months preceding the closing (with a downward adjustment of the purchase price to the extent that such annualized EBITDA is less than $6.0 million but more than $5 million) (DONE) means more customers, more revenue and a lot more profit.. The Company further expects to realize considerable synergies after the transaction is consummated.
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