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Article: Symposium Corporation Announces Separate Agreements to Acquire Two Transaction-oriented Companies.
- Article from:
- Business Wire
- Article date:
- June 24, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--June 24, 1999--
Symposium Corporation (OTC BB:SYPM) ("Symposium") today announced that, as part of its overall strategy to identify, acquire and consolidate companies in niche markets in direct marketing and financial services, it entered agreements to acquire two transaction-oriented companies.
Symposium has acquired from Direct Sales International LP ("DSI") an option to purchase all of DSI's assets for $22.9 million plus the amount necessary to enable DSI to repay its bank loan and the assumption of DSI's accounts payable, accrued expenses and deferred revenues. The amount necessary to enable DSI to repay its bank loan is ...