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United Communications Partners Inc. (UCPA) and Making Science Group, S.A. (MAKS) have announced the closing of their acquisition. Making Science Marketing & Adtech, SLU (MSMA), a subsidiary of Making Science, has acquired all remaining common stock of UCP for $0.0029086 per share. UCP will now operate as a wholly-owned subsidiary of MSMA within the Making Science group.
UCP stockholders are advised to submit their stock certificates or book-entry shares with a completed letter of transmittal to receive their merger consideration. The paying agent, Computershare, will provide instructions for surrendering shares and completing necessary tax forms to avoid backup withholding.
UCP, a Nevada-incorporated holding company, operates in the Nordic region offering advertising media and marketing services. Making Science, a digital acceleration company, has a global presence in 15 markets and offers various digital marketing, technology, and cybersecurity services.
United Communications Partners Inc. (UCPA) announced that shareholders have approved the merger with Making Science Group, S.A. at a special meeting. Key points:
- Making Science will acquire all outstanding UCPA shares not currently owned for $0.0029086 per share
- Making Science already owns 76.14% of UCPA
- 83.49% of total shares voted in favor of the merger
- 61.54% of non-affiliated shareholders approved the merger
- The merger is expected to close in early to mid-August 2024
- UCPA shares will likely be delisted from OTC Markets after the merger
This merger represents a significant development for UCPA, potentially impacting its operations and market presence in the digital advertising and marketing sector across Nordic countries.
United Communications Partners (UCP) and Making Science Group have announced a merger agreement. MSMA, a subsidiary of Making Science, will acquire all UCP shares it doesn't already own at $0.0029086 per share, representing a 9% premium on the three-month average price. Making Science currently holds a 76.14% interest in UCP. The merger has been approved by UCP's board and independent committee, with a fairness opinion from Skarpa, AB. Shareholders will vote on the merger on July 30, 2024, with the merger expected to close in early August 2024. Post-merger, UCP will operate as a wholly-owned subsidiary of MSMA.
Summary not available.
On March 1, 2022, Making Science Group completed the acquisition of 1,129,366,661 shares of United Communications Partners (UCP), representing a 69.805% stake. This acquisition involved UCP's Chairman Niclas Fröberg and other key directors, who remain in their positions post-acquisition. Making Science specializes in digital transformation and e-commerce, poised for growth across ten international markets. The acquisition enhances synergies and positions UCP for strategic growth in digital marketing, particularly through its subsidiary, Tre Kronor Media.
Making Science Group has acquired a 70% stake in United Communications Partners (UCP), which owns Tre Kronor Media, a full-service media agency in Sweden and Denmark. The deal includes cash and contingent payments based on financial milestones, alongside shares in Making Science. This acquisition follows a series of expansions by Making Science and aims to enhance its competitive edge in the Nordic region's digital marketing sector. The deal brings in 50 new professionals to the Making Science team, emphasizing the integration of diverse digital marketing competencies.