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Stock Market & Financial Investment News

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March 5, 2014
08:01 EDTCLROClearOne acquires Sabine
ClearOne announced the acquisition of Sabine. Under the terms of the transaction, ClearOne will pay approximately $7.5M in cash and $1.5M in ClearOne shares. In addition, ClearOne will assume and pay off Sabine debt of $1.25M and make earn-out payments over the next three years, based on achievement of certain performance criteria. ClearOne expects to maintain Sabine operations at its current headquarters in Alachua, Florida.
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