BRIEF-Domo Announces Agreement To Sell Substantially All Assets And Certain Liabilities

Progress Software Corporation
DOMO, INC.

Progress Software Corporation

PRGS

0.00

DOMO, INC.

DOMO

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July 22 (Reuters) - Domo Inc DOMO.O:

  • DOMO ANNOUNCES AGREEMENT TO SELL SUBSTANTIALLY ALL ASSETS AND CERTAIN LIABILITIES TO PROGRESS SOFTWARE FOR $400 MILLION

  • DOMO - TO REMAIN PUBLICLY LISTED UNDER NEW NAME, PRESERVES $900 MILLION NET OPERATING LOSS CARRYFORWARDS

  • DOMO - TO PAY OFF EXISTING CREDIT FACILITY IN FULL AT CLOSING

Source text: ID:nBw8Ns6s4a

Further company coverage: DOMO.O


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