You are welcome to look at the talkback but please consider that this article is over 15 years old before posting.
News
Navarre Acquires Funimation
posted on by Christopher Macdonald
Deal Concludes
A press release has been sent out stting that Navarre has completed its acquisition of Funimation.
The deal was concluded for $100,400,000 in cash and 1,827,486 shares of unregistered Navarre common stock. At today's closing value ($8.35, down .03 from yesterday), the Navarre stock is worth $15,259,508, bringing the immediate value of the acquisition to $115,659,508. Additionally the sellers of Funimation could receive up to $17,000,000 in cash to be paid over five-years if FUNimation achieves certain agreed-upon financial targets during that period.
This brings the total value of the deal down from $127 million to $150 million that was initially stated in Navarre's January 10th press release.
Navarre financed the purchase using a $165 million line of credit secured with GE Commercial Finance.
The deal was concluded for $100,400,000 in cash and 1,827,486 shares of unregistered Navarre common stock. At today's closing value ($8.35, down .03 from yesterday), the Navarre stock is worth $15,259,508, bringing the immediate value of the acquisition to $115,659,508. Additionally the sellers of Funimation could receive up to $17,000,000 in cash to be paid over five-years if FUNimation achieves certain agreed-upon financial targets during that period.
This brings the total value of the deal down from $127 million to $150 million that was initially stated in Navarre's January 10th press release.
Navarre financed the purchase using a $165 million line of credit secured with GE Commercial Finance.
discuss this in the forum (7 posts) |
bookmark/share with:
