Ireland’s Accenture to acquire Australia’s PrimeQ for about $28 mln

11/13/2018 11:49:00 AM (GMT)

Irish management consulting and professional services firm Accenture plans to acquire Australian oracle business solutions provider PrimeQ.

Accenture will acquire all of the ordinary shares in PrimeQ for a cash consideration of $0.33 per share and all of the performance shares for no consideration.

With 84.8 million ordinary shares, such a deal would value the company at around $28 million.

In connection with the transaction, PrimeQ is set to become a wholly-owned subsidiary of Accenture. A decision on the move is set to be made on 7 December.

Accenture

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