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Stock Market & Financial Investment News

News Breaks
December 17, 2012
14:04 EDTHHSHarte-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.
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