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PeerTV to re-enter AIM as it agrees acquisition of Digitak

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By The Drum Team, Editorial

September 12, 2011 | 1 min read

Having raised £2.38m, online TV company PeerTV will be readmitted to AIM following a reverse takeover of Digitak Holdings.

The acquisition of Digitak, an Israeli electronic assembly manufacturer, was announced in May, with the resulting merger expected to produce operation benefits for PeerTV in terms of logistics, quality control and production management.

PeerTV’s board has now agreed the acquisition and has agreed to acquire 13.69% of Digitek’s share capital.

Trading on AIM of the company should take place on 29 September.

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