Ultrasis To Acquire Screenetics UK Ltd,

Circle Connections: Mergers & Acquisitions Ultrasis announced that it has conditionally entered into an agreement to acquire the entire issued share capital of Screenetics for a maximum consideration of GBP (Pound Sterling) 4,800,000, the initial cash element of which is to be funded by a subscription for 42,837,838 Ordinary Shares for an aggregate subscription price of GBP570,600 by Mr Bell, a substantial shareholder in the Company. Ultrasis's stated strategy is to expand its range of products, add to the skill sets of its personnel, develop new areas of expertise and increase its turnover through . . .