Gannett agrees to acquire digital marketing company ReachLocal

Gannett agrees to acquire digital marketing company ReachLocal

Shares of ReachLocal Inc. were halted in the extended session Monday after Gannett Co. announced an agreement to buy the digital marketing company. ReachLocal shares were halted at $1.69 after hours. Gannett said it is offering $4.60 a share, or $138 million based on shares outstanding. Gannett said the deal has a total enterprise value of $156 million. Gannett said it expects to close the deal in the third quarter.

Read more..

Attitude

0/ 5
voted: 0
Importance
Write Sum-Up

World

Politics

Sport