News blog
Entelos Inc
- BY: Andrew Hore |
- POSTED: 10/10/2008 |
- COMMENTS: Add yours
Entelos says that no earn out is due on the acquisition of Iconix.
There was a potential earn out payment of up to $25m in shares.
Research company Edison were worried that there could be a dispute with the former owners. However, the sides have agreed that no consideration is due.
At 15p a share, Entelos is valued at £9.07m.
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