BRIEF-Neptune Wellness to buy Data-Marketing and Artificial Intelligence Firm Datasys for about $112 Mln

Reuters2023-11-20

Nov 20 (Reuters) - Neptune Wellness Solutions Inc

* NEPTUNE WELLNESS ANNOUNCES LETTER OF INTENT TO ACQUIRE LEADING DATA-MARKETING AND ARTIFICIAL INTELLIGENCE COMPANY, DATASYS, FOR TOTAL POTENTIAL CONSIDERATION OF $112 MILLION

* NEPTUNE WELLNESS SOLUTIONS INC - PROPOSED DEAL FOR TOTAL POTENTIAL CONSIDERATION OF $112 MILLION

* NEPTUNE WELLNESS SOLUTIONS: DEAL'S TOTAL POTENTIAL CONSIDERATION IS COMBINATION OF CASH, RESTRICTED EQUITY, PIK SELLER NOTE AND 1-TIME EARNOUT PAYMENT

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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