Harte-Hanks to sell Florida Shoppers operations Harte-Hanks announced that it has entered into a definitive agreement to sell the assets of its Florida Shoppers operations, The Flyer, to Coda Media Corp. for gross proceeds of approximately $2M in the form of a secured promissory note, subject to working capital adjustments. The transaction is expected to close on or before December 31 upon satisfaction of customary closing conditions. Harte-Hanks anticipates the transaction will result in a one-time after-tax loss of approximately $1M. Harte-Hanks intends to use the proceeds from the transaction for general corporate purposes.
News For HHS From The Last 14 Days
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BMO Capital to hold a conference 2013 Technology, Media & Entertainment Conference is being held in New York on December 10-11 with webcasted company presentations to begin on December 10 at 9 am; not all company presentations may be webcasted.Webcast Link
Harte-Hanks participates in a luncheon with Philadelphia Securities Association Management participates in a luncheon meeting in Philadelphia on December 4 at 11:30 am hosted by the Philadelphia Securities Association.