£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, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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