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Stock Market & Financial Investment News

News Breaks
July 24, 2014
05:36 EDTSLPSimulations Plus to acquire Cognigen for $7M
Simulations Plus announced that it has entered into an Agreement and Plan of Merger with Cognigen Corporation of Buffalo, New York. Pursuant to the Agreement, upon closing, Cognigen will become a wholly-owned subsidiary of Simulations Plus and will continue to operate under the Cognigen name. This will result in the total number of Simulations Plus employees increasing from 30-65, and is expected to add approximately $5M to the revenues of the combined company in the coming fiscal year. Under the terms of the Agreement, Simulations Plus will pay the shareholders of Cognigen total consideration of $7M, comprised of $2.8M of cash and $4.2M worth of newly-issued, unregistered shares of common stock of Simulations Plus. The Agreement provides that $1.8M of the total consideration will be held back for two years to satisfy any indemnifiable claims that may arise pursuant to the terms of the Agreement.
News For SLP From The Last 14 Days
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November 25, 2014
16:13 EDTSLPSimulations Plus reports Q4 EPS 1.3c, consensus 2c
Reports Q4 revenue $2M, consensus $1.81M.

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