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Article: Resources Connection to Create New Corporate Advisory and Restructuring Business Through Acquisition of Sitrick and Company and Brincko Associates.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- November 11, 2009
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Resources Connection, Inc., (NASDAQ:RECN), announced the formation of a Corporate Advisory and Restructuring subsidiary through the acquisition of the business of Sitrick And Company, Inc., one of the nation's leading strategic communications firms and Brincko Associates, Inc., a widely-respected corporate advisory and restructuring firm.
The acquisitions, which include the purchase of certain assets of both Sitrick And Company and Brincko Associates, and the personal goodwill of Michael Sitrick, CEO of Sitrick and Company, will be made for aggregate initial consideration of $43.3 million, comprising $28.2 million in cash and approximately 810,000 shares of ...