Envoy Communications Group (TSE : ECG) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Envoy Communications Group (TSE : ECG)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bafan_57 who wrote (249)	11/6/2000 8:27:17 AM
From: Cush	of 274

Envoy acquires one of the world's top creative advertising agencies, Leagas Delaney newswire.ca Billings soar to $750 million and Gross Margin run rate doubles to $165 million From within the news release- Financial Highlights The acquisition is immediately accretive to Envoy's earnings. Leagas Delaney is a growth company, achieving a 50% compounded growth rate over the last 2 years. The addition of Leagas Delaney to the Envoy Group will double the Company's gross margin run rate to CDN $165 million, push Envoy's billings to close to CDN $750 million, and will enhance the Company's ability to cross-sell its 'best-of-breed' services internationally. The purchase is worth a total consideration of up to approximately CDN $132 million. The down payment consideration is approximately CDN $55 million, of which approximately CDN $19.8 million will be satisfied by the issuance of Envoy shares valued at $8.00CDN. The balance of the purchase price is up to approximately CDN $77 million and is subject to meeting annual profit targets over a period of four years. Two-thirds of the balance of the purchase price will be satisfied by the issuance of Envoy shares valued at $8.00. The deal, subject to financing, is expected to close by the end of January, 2001.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next