Cosol (ASX:COS) completed its acquisition of data analytics group Toustone in a deal valued at up to AU$22.4 million, according to a Monday filing with the Australian bourse.
The total consideration is subject to Toustone meeting profit hurdles, the filing said. The upfront consideration of AU$12 million comprises AU$8 million in cash and roughly 4.5 million in Cosol shares worth around AU$4 million.
The balance comprises up to AU$6.5 million in earn-out and up to AU$3.9 million in outperformance consideration, the filing said.
Cosol's shares were down nearly 3% in recent Monday trade.
Price (AUD): $1.00, Change: $-0.03, Percent Change: -2.91%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.