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Procurri scraps US$115m deal talks for business unit

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Read more at The Business Times.

DISCUSSIONS over the sale of Procurri Corporation's third-party hardware maintenance business have been called off, as the final price and deal structure could not be agreed on.

Procurri and the potential buyer, Park Place Technologies, have mutually agreed to terminate further discussions, the mainboard-listed enterprise hardware supplier said in a regulatory update on Wednesday before the market opened. Procurri has also provided written notice to Park Place that the exclusivity period for the deal would not be extended beyond 11.59pm New York City time on Tuesday.

 

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