Neptune Wellness Announces Letter of Intent to Acquire Leading Data-Marketing and Artificial Intelligence Company, Datasys, for Total Potential Consideration of $112 Million [Yahoo! Financ...
Neptune Wellness Solutions Inc. - Ordinary Shares (NEPT)
US:NASDAQ Investor Relations:
newswire.ca/news-releases/neptune-technologies--bioressources-retains-roi-group-to-serve-as-investor-relations-counsel-533975331.html
Company Research
Source: Yahoo! Finance
Datasys generated revenues of $25.2 million and EBITDA of $9.1 million in 2022 LAVAL, QC Nov. 20, 2023 /CNW/ - Neptune Wellness Solutions Inc. (" Neptune " or the " Company ") (NASDAQ: NEPT), a consumer-packaged goods company focused on plant-based, sustainable and purpose-driven lifestyle brands, today announced it has entered into a non-binding Letter of Intent ("LOI") to acquire Datasys Group, Inc., ("Datasys") and affiliated companies. The non-binding LOI establishes the framework for a potential transaction (the "Proposed Transaction") whereby Neptune would acquire all the outstanding equity of Datasys, subject to diligence, final board approval, shareholder approval and additional terms and conditions. Datasys is a leading data-marketing company that utilizes artificial intelligence and machine learning to derive intelligence from one of the largest consumer and business data sets in the world. Datasys leverages its expansive data of over 3 billion records and technology to
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