Avisen Reverse Acquires 1Spatial
I don't follow the mechanics of the money, but basically it seems Avisen (a busness enterprise solution provider, best I can tell) is aquiring 1Spatial at an 11% discount over its value last night at market close.
Its bid for 1Spatial values the location-based information solutions player at about £4.74m, an 11 per cent discount on its closing share price yesterday. On completion, the enlarged firm will transition to a single 1Spatial brand.
Avisen chief executive Marcus Hanke will be chief executive and 1Spatial chief executive Nic Snape, will be managing director.
by Adena Schutzberg on 10/07 at 06:19 AM |
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