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NEW YORK Viewpoint Corp.’s shares rose 7 percent or 19 cents to close on Nasdaq at $2.83 today, following this morning’s announcement that the company has agreed to acquire Unicast in a transaction valued at $7.4 million.
The deal, expected to close shortly after Dec. 31, calls for Viewpoint to issue stock to and assume the debt of Unicast. The New York-based company is also considering raising capital to finance the cash portion of the purchase.
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