LONDON (Alliance News) - Insurance technology company Quindell PLC on Wednesday said it has completed the acquisition of the remainder of PT Healthcare Solutions Corp.
Quindell issued 9.4 million shares at 15.00 pence per share in consideration for acquiring the 50.1% of the business it did not already own.
The number of issued was slightly less than the 9.5 million it expected to issue for the consideration after some PT Health shareholders dissented. Quindell will still own 100% of the business, as those dissenting shareholders will be paid a cash amount instead.
Quindell shares were down 0.5% to 98.50 pence on Wednesday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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