LinkedIn (LNKD) Discusses Recent Acquisition of 'Target Companies', Offered 162,928 Shares in Exchange for Assets
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Shares of LinkedIn (Nasdaq: LNKD) are moving lower after hours following a nearly 10 percent move higher throughout the intraday session.
In an SEC filing after the close, LinkedIn announced, in connection with recent acquisitions agreements with the "Target Companies" (likely Tuesday night's rumored purchase of IndexTank), it has agreed to issue up to 162,928 Class A shares to certain holders classified as the "Target Companies" to cover a portion of the consideration for all the outstanding equity of the Target Companies.
Based on a closing price of $75.04 on Tuesday, this would equate to a price of about $12.2 million.
In an SEC filing after the close, LinkedIn announced, in connection with recent acquisitions agreements with the "Target Companies" (likely Tuesday night's rumored purchase of IndexTank), it has agreed to issue up to 162,928 Class A shares to certain holders classified as the "Target Companies" to cover a portion of the consideration for all the outstanding equity of the Target Companies.
Based on a closing price of $75.04 on Tuesday, this would equate to a price of about $12.2 million.
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