Singapore Post Ltd (SPSTF) 1.1700 $SPSTF
Singapore Post Limited to Acquire a Majority Stake in Jagged Peak, Inc.
GlobeNewswire - Fri Oct 09, 7:00AM CDT
Jagged Peak, Inc. (OTC Pink:JGPK), a leading provider of enterprise-class e-commerce software solutions and supply chain services (the "Company"

, and Singapore Post Limited (Singapore Stock Exchange:S08.SI), a leading provider of mail, logistics and ecommerce solutions in Singapore and the Asia Pacific region ("SingPost"

, today announced that the Company and SP Jagged Peak LLC, a newly organized Delaware limited liability company ("SP JP"

owned by SingPost, have entered into a definitive agreement under which SP JP will acquire all of the outstanding stock of the Company other than approximately 28.9% of the stock which is held by Paul Demirdjian and Primrose Demirdjian. Mr. Demirdjian is the Chief Executive Officer of the Company, and both Mr. and Mrs. Demirdjian are directors, principal shareholders and founders of the Company.