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Article: First Add to WCRS Group PLC acquires 50 percent of Europe's largest independent media buyer. (Societe Ggmd)
- Article from:
- PR Newswire
- Article date:
- April 26, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. 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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/FIRST ADD--NY14--WCRS GROUP PLC ACQUISITION/
APPENDIX 1
CONSIDERATION AND FINANCING OF THE ACQUISITION
CONSIDERATION
The initial consideration for the acquisition of 50 percent of SGGMD will be the sum of FF78.7 million ($13.8 million) plus 8.5 times the average of half the consolidated post-tax profits of SGGMD for the years ended Dec. 31, 1986 and 1987, the six months ending June 30, 1988 and the year ending June 30, 1989.
The sum of FF688.7 million will be paid in cash to the sellers of SGGMD at closing as an estimated payment for the initial consideration. If the average of the profits calculated above ...