UPDATE: ScanSource, Inc. (SCSC) Tops Q4 EPS 1c; $120M Stock Buyback Plan

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/23/2026

1. DECK
2. RNG
3. WDC
4. BYD
5. WCN
6. SPOT
7. BE
8. FIX
9. PNFP
10. NDAQ

Go back to UPDATE: ScanSource, Inc. (SCSC) Tops Q4 EPS 1c; $120M Stock Buyback Plan

ScanSource (SCSC) to Acquire Imago Group in $41M + Earnouts Deal

August 21, 2014 4:34 PM EDT

ScanSource (NASDAQ: SCSC) announced the execution of a non-binding letter of intent to acquire Imago Group plc, Europes leading value-added distributor of video and voice communications equipment and services (Imago). Pursuant to the letter of intent, ScanSource will be acquiring Imagos operations in the United Kingdom France, and their recently acquired business in Germany.

Imago sales for fiscal year ended July 31, 2014 are estimated to total approximately GBP 50 million (approximately US$83 million) with operating margins consistent with ScanSources Communications business. The all-cash transaction as currently negotiated includes an initial purchase price of approximately GBP 24.5... More