8-K…NewMarket Latin America, Inc "Merger Agreement" w/NWMT.
On June 29, 2010, NewMarket Technology, Inc. ("the Company" or "NMKT") and its 90%-owned subsidiary, NewMarket Latin America, Inc. ("NMLA") entered into an Agreement and Plan of Merger ("Merger Agreement".)
NMLA has been a subsidiary of the Company since 2006. As of June 29, 2010, it has been merged into the Company. NMLA provides full service systems integration, customization and implementation for a variety of software and hardware products, as well as outsourcing services, primarily in Brazil, as further discussed below. The Merger was a statutory parent-subsidiary merger and the shareholders of NMLA (excluding the Company) are receiving an aggregate of approximately 4,197,500 shares of the Company, on a 1 share of common stock of the Company for each 100 shares of NMLA owned by a shareholder.
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