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Atlantic Global
- BY: Andrew Hore |
- POSTED: 25/01/2012 |
- COMMENTS: Add yours
Resource management software developer Atlantic Global is recommending a 22p a share cash bid by KeyedIn (UK).
The bid values Atlantic Global at £4.9m. KeyedIn Solutions will own 91.4% and Atlantic Global founder Eugene Blaine the other 8.6%. Blaine will swap this stake for a 5.6% shareholding in KeyedIn Solutions. Blaine will be chief technology officer of the business.
KeyedIn Solutions is a Minnesota-based software and consulting company. The customer focus is mid-market organisations.
KeyedIn believes it can introduce Atlantic Global’s software to new international markets.
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