First Derivatives purchases US firm

Newry company First Derivatives (FD) has acquired US technology marketing firm Market Resource Partners (MRP) for up to $20 million (€13.9 million).

20th September, 2008

Newry company First Derivatives (FD) has acquired US technology marketing firm Market Resource Partners (MRP) for up to $20 million (€13.9 million).

The deal, due for completion at the end of the month, comprises an initial cash payment of $4.5 million (€3.1 million) for the Philadelphia-based company, and a further $1.5 million (€1.1 million) in 436,644 issued FD new ordinary shares.

An additional deferred consideration of up to $14 million (€9.7 million) will also be payable, subject to MRP...

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