£7m shares placing to fund acquisition of US-based business

Manchester-based Altitude Group has launched a proposed placing of new shares to raise £7m to pay for the acquisition of a US promotional products distributor member group. The Middleton firm, the operator of a leading marketplace for personalised products, said it has entered into a binding asset purchase agreement for the acquisition of the membership-based trade group of independent promotional products distributors business of Advertising Industry Mastermind Group for $5m. Altitude director Peter Hallett, Graeme Couturier, ... For the full story register now for free or login below...
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