Market Overview

Harte-Hanks to Buy Florida Shoppers Operations

Related HHS
Trillium Software Announces Appointment of Philip Galati as Chief Executive Officer
Top 4 Stocks In The Marketing Services Industry With The Highest Dividend Yield

Harte-Hanks, Inc. (NYSE: HHS), a worldwide direct and targeted marketing company, today announced that it has entered into a definitive agreement to sell the assets of its Florida Shoppers operations, The Flyer(R), to Coda Media Corp. for gross proceeds of approximately $2 million in the form of a secured promissory note, subject to working capital adjustments. The transaction is expected to close on or before December 31, 2012 upon satisfaction of customary closing conditions. Harte-Hanks anticipates the transaction will result in a one-time after-tax loss of approximately $1.0 million. Harte-Hanks intends to use the proceeds from the transaction for general corporate purposes.

Posted-In: News M&A

 

Most Popular

Related Articles (HHS)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters