September: First Derivatives

FD acquires US tech firm in €13.9m deal

3rd January, 2009

In September, Newry company First Derivatives (FD) acquired US technology marketing firm Market Resource Partners (MRP) in a deal valued at up to $20 million (€13.9 million). The agreement comprised 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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