MCF to buy MedPanel for $6.5 mln in stock
Tue Nov 7, 2006 4:35pm ET
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MEM (MCF Corp )
Last: $4.67
Change: +0.16 (+3.55%)
Revenue (ttm): $48.9M
EPS: -0.40
Market Cap: $49.25M
Time: 7:00pm ET
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MCF to buy MedPanel for $6.5 mln in stock
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Nov 7 (Reuters) - MCF Corp. (MEM.A: Quote, Profile, Research) on Tuesday said it agreed to acquire online medical market research firm MedPanel Inc. for $6.5 million in stock.
MCF, a financial services holding company, also said future payment of an incentive consideration will be 50 percent in cash and 50 percent in stock and may not exceed about $11.5 million. (Reporting by Ankur Relia in Bangalore)
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