SeaChange Announces a Second Amendment to Purchase Agreement with Partner One Along with Further Increased Purchase Price [Yahoo! Finance]
SeaChange International, Inc. (SEAC)
Last seachange international, inc. earnings: 4/6 04:05 pm
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Source: Yahoo! Finance
delivery, advertising, streaming platforms, and emerging Free Ad-Supported Streaming TV services (FAST) development, has entered into a second omnibus amendment (such amendment, “Amendment No. 2”) to the asset purchase agreement and software purchase agreement (the “Original Purchase Agreements”) previously announced on March 11, 2024, as amended by the omnibus amendment to the Original Purchase Agreements (“Amendment No. 1”) previously announced on April 10, 2024, with affiliates of Partner One, one of the fastest-growing software conglomerates in the world, in response to an acquisition proposal from a third party. Under Amendment No. 2, Partner One, through its affiliates, will acquire substantially all of SeaChange's assets related to its product and services business (the “Second Amended Asset Sale”), and will assume certain liabilities, for an aggregate purchase price of $34,001,000 (the “New Purchase Price”), less SeaChange's cash and cash equivalents at closing (the “Closing”)
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News
- SeaChange Announces an Agreement to be Acquired by Enghouse and Termination of Previously Announced Proposed Acquisition by Partner OneGlobeNewswire
- SeaChange Announces a Second Amendment to Purchase Agreement with Partner One Along with Further Increased Purchase PriceGlobeNewswire
- SeaChange International, Inc. (NASDAQ: SEAC) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- SeaChange Announces an Amended Purchase Agreement with Partner One Along with an Increased Purchase Price as Go-Shop Period Ends [Yahoo! Finance]Yahoo! Finance
- SeaChange Announces an Amended Purchase Agreement with Partner One Along with an Increased Purchase Price as Go-Shop Period EndsGlobeNewswire