Advantage relieved of cash payment

In May 2000 -after the tech wreck but when tech valuations were still relatively high - Advantage bought e-procurement company Campbell Pope and Associates for $4.3 million in cash and shares.

Advantage says the acquired company has now agreed to take shares in place of the $750,000 final cash payment.

The shares will be issued at market prices and can be called upon between now and the end of September.

The deal means Campbell Pope will certainly be getting a lot more shares for their dollar than at the time of the sale, when Advantage stock was trading around $3.00 per share compared to the current price of 60 cents.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Advantage out of Strathmore
Advantage on course with Air NZ deal
Advantage launches first 'Air Cash' initiative with E-phone