LONDON (Alliance News) - Marketing company Ebiquity PLC Monday said it had paid the maximum deferred consideration for its acquisition of Stratigent LLP, after the acquired company put in a strong performance in 2013.
Ebiquity completed the acquisition of Stratigent from its founders in August last year, a deal that strengthened its presence in the US. It paid about USD4 million initially, and said it would pay up to USD7 million in cash in total depending on Stratigents' performance in 2013.
Ebiquity shares were flat at 130 pence Monday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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Ebiquity (EBQ)