Singapore Telecommunications has completed its purchase of a 98% stake in cyber security firm Trustwave for a lowered price of US$770 million ($1.09 billion).
The acquisition was initially priced at US$810 million, excluding net debt, when the deal was announced in April. Following working capital adjustments at closing, the aggregate consideration was trimmed by US$40 million.
Trustwave chairman and chief executive Robert J McCulen holds the remaining 2% interest in Trustwave.
Singtel shares closed 1.6% lower at $3.74 on Monday.
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The acquisition was initially priced at US$810 million, excluding net debt, when the deal was announced in April. Following working capital adjustments at closing, the aggregate consideration was trimmed by US$40 million.
Trustwave chairman and chief executive Robert J McCulen holds the remaining 2% interest in Trustwave.
Singtel shares closed 1.6% lower at $3.74 on Monday.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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