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Stock Market & Financial Investment News

News Breaks
August 13, 2014
09:11 EDTHIITHII Technologies acquires Hamilton Investment Group
HII Technologies announced the acquisition of Hamilton Investment Group for $11.3M in cash and stock. The company expects the acquisition to be immediately accretive to the company's FY14 earnings. The acquisition closed on August 12, The $11.3M purchase price consisted of $9M in cash and $2.3M in shares of the company's common stock valued based on 3,523,554 shares. The funds for the acquisition were secured under a recently announced credit facility with Heartland Bank of Little Rock, Arkansas. Mark Hamilton will remain as president of Hamilton under a newly executed three year employment agreement.
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