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BRIEF-Xped says transaction to acquire Codium will not proceed

Published 24/11/2016, 05:14 pm
© Reuters.  BRIEF-Xped says transaction to acquire Codium will not proceed
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Nov 24 (Reuters) - Xped Ltd XPE.AX

* Advise proposed transaction to acquire Codium Pty will not proceed to next stage of a share purchase agreement

* As a result of findings Xped sought to adjust certain financial terms of transaction that it deemed necessary to proceed with transaction

* "Shareholders of Codium were unable to agree to these proposed amended terms and have as a result chosen to withdraw from transaction"

* Refers to term sheet with shareholders of Codium, to acquire 70% of issued capital in Codium, with an option to acquire remaining 30% Source text for Eikon: ID:nASX1XpYjf Further company coverage: XPE.AX

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