- (PLX AI) - Sinch acquires Pathwire at enterprise value USD 1.9 billion.
- • Sinch will pay the sellers a cash consideration of USD 925 million and 51 million new shares in Sinch
- • Sinch intends to call for an extraordinary general meeting to authorize the board of directors to resolve on the issue of the consideration shares for the Pathwire acquisition
- • Shareholders representing in excess of 48 percent of the total number of shares and votes in Sinch have undertaken to vote in favor
- • Sinch further intends to resolve on a directed share issue of approximately 40 million shares, equivalent to approximately USD 750 million
- • Canada Pension Plan Investment Board, Temasek, SeaTown Master Fund, and SB Northstar LP, a fund managed by SB Management, a wholly owned direct subsidiary of SoftBank Group Corp, alongside certain existing shareholders, have undertaken to subscribe for shares in the directed share issue
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