questa news di qualche giorno fa mi pare interessante x la societa'...
Futuremedia Announces Acquisition of the Button Group plc
FRIDAY, MARCH 24, 2006 3:24 PM
- PR Newswire
FMDAY
0.2324 -0.0175
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BRIGHTON, England, March 24, 2006 /PRNewswire-FirstCall via COMTEX/ -- Futuremedia plc (FMDAY) , a leading European e-learning and managed benefits services provider, today announced it has completed an agreement to acquire The Button Group plc (Button), a leading UK brand communications company.
The Button Group is expected to report GBP 10 million ($17.5 million) in annual revenue and GBP 650,000 ($1.14 million) in annual EBITDA for the financial year ending June 30, 2006.
Button is a fully integrated design and brand communications agency providing strategic marketing solutions to blue chip European and US companies. Headquartered in London, Button was established in 1972 and has offices in Los Angeles and Cannes. The company offers consumer marketing, business-to-business marketing, internal communications, exhibition design, corporate events and marketing services.
The terms of the acquisition are a purchase price of GBP 5 million ($8.75 million) comprised of GBP 3.0 million ($5.25 million) in ordinary shares of Futuremedia plc and GBP 2.0 million ($3.5 million) in cash. The deal is subject to customary closing conditions, including financing and final due diligence by Futuremedia, and is expected to be completed by the end of April 2006.
"This is an exceptional combination from both strategic and financial standpoints," said Leonard M. Fertig, Chief Executive Officer of Futuremedia plc. "With the addition of Button we are adding one of the leading branded communications businesses in the United Kingdom. We are focused on developing our branded learning capabilities to become a leader in next generation online brand and product communications. The addition of Button provides us with a complimentary skill set while broadening our product offering with a wide array of online and physical design and communications services. We will be well positioned to grow our market share in this rapidly expanding segment of the marketing and media industries."
Mr. Fertig added, "In addition to instantly expanding our branded communications capabilities and client base, Button will add significant earnings to our bottom line. The closing of the acquisition of Button Group plc will also add substantial shareholder equity to our balance sheet and help Futuremedia to satisfy the standards for continued listing on the Nasdaq Stock Market."
Button brings a strong client group across many industries with particular strength in the media, telecommunications and financial services sectors. Major clients include NBC Universal, CBS Paramount and Hitachi. Button was the technical services provider for the recent 3GSM World Congress in Barcelona where it also designed and built 35 exhibition environments for clients. The company has a strong presence at the Cannes markets and festivals, including the MIP television markets, the Film Festival, the Lions Advertising festival and the MIPIM international real estate marketplace.
Futuremedia has obtained a commitment for financing the $3.5 million needed for this acquisition through a private placement of ordinary shares at the price of 20 cents per share with a UK-based investor group. The financing is subject to due diligence.
Alegro Capital acted as Futuremedia's exclusive financial adviser on the acquisition of Button
CON QUESTA ACQUISIZIONE, SI DICE SOPRA, FMDAY OTTERRA UN FORTE INCREMENTO DI FATTURATO ED EBITDA, OTTENENDO TUTTI I REQUISITI X RIMANERE SUL NASDAQ...!!!
ECCO PERCHE' FORSE IN QUESTI ULTIMI GIORNI SONO ARRIVATI FORTI VOLUMI.....SE NON E' UNA BUFALA, FMDAY E' OBBLIGATO A CORRERE FORTE NEI PROX GIORNI....INTANTO IERI UN BEL -7% A 0,23 DOPO UN RALLY DA 0,19 A 0,27 !!! CREDO CHE TRA LUNEDI E MARTEDI CAPIREMO COSA VUOL FARE....OCIO...