Monday, May 21, 2007

Ireland's Thirdforce to buy U.S rival MindLeaders

(Reuters) - "The proceeds of the placing will be utilised by the company
to satisfy the cash element of the consideration, to contribute
towards the discharge of costs associated with the proposed
transactions and to provide working capital to fund the growth
plans of the enlarged group," it said in a statement.
Thirdforce said the owners of MindLeaders would receive 85
percent of their shares and cash when the deal was finalised
with the remainder payable 21 months later.




Read more at Reuters.com Mergers News

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