Daisy Group to buy Worldwide Group for initial £28m in cash

U.K. business communications provider Daisy Group PLC Friday said it conditionally agreed to buy audio-conferencing specialist Worldwide Group Holdings Ltd. for an initial GBP28 million in cash.

The Enterprise services provider says audio-conferencing specialist represents ‘strong strategic fit’ for company.

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A further undisclosed consideration may become payable based on earnings before interest, taxes, depreciation and amortization growth over an agreed period, it said.

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