Monitise Acquires ClairMail for $173,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6f393202-b658-4218-85d5-2fd04a01b600&Preview=1 - Date
3/27/2012 - Company Name
ClairMail - Mailing Address
781 Lincoln Ave San Rafael, CA 94901 - Company Description
ClairMail delivers true workforce mobility by extending access to enterprise applications from any mobile device with just one-click. - Website
http://www.clairmail.com - Transaction Type
M&A - Transaction Amount
$173,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
The Acquisition consideration will be satisfied entirely by the issue of up to 312,787,144 new Ordinary Shares representing approximately 26.5% of the fully diluted share capital of the enlarged Company1, post completion, and values Clairmail at approximately US$1732m (£109m), based on Monitise’s share price of 35.0 p as of the close of trading on March 23, 2012.
