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Entelos Inc

  • BY: Andrew Hore |
  • POSTED: 10/10/2008 |

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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