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Wednesday, 6 June 2012 - Peer 1 Hosting to buy NetBenefit for $38.5 million |
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Weighing just 22 lbs, the tiny jet will drive an unmanned aerial vehicle faster than the speed of sound.  Video  Venus makes last in a lifetime move across sun Shuttle Enterprise floats to New York museum home Food meets pharma as Nestle fights for health claims Follow Reuters Facebook Twitter RSS YouTube Read Wisconsin's Walker makes history surviving recall election | 12:45pm EDT EU, Germany exploring Spanish rescue, no request yet | 11:11am EDT Analysis: Walker's win in Wisconsin boosts conservatives 5:30am EDT Untreatable gonorrhoea spreading around world: WHO 9:45am EDT Putin says to push military ties with China | 10:25am EDT Discussed 353 NY mayor blasts sugar ban critics: ”That’s a lot of soda” 274 Louisiana’s bold bid to privatize schools 271 Florida to continue voter purge in defiance of warning Watched Could it be "Game Over" for consoles? Tue, Jun 5 2012 A look at the UK’s most beautiful face Thu, May 10 2012 Lagarde:"Lock EU leaders in room" until they create a plan 6:40am EDT Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption  Celebrities in wax Wax sculptures of famous faces.  Slideshow  Best of E3 Highlights from the annual video game expo.  Slideshow  Peer 1 Hosting to buy NetBenefit for $38.5 million Tweet Share this Email Print Related Topics Tech » Wed Jun 6, 2012 7:43am EDT (Reuters) - Peer 1 Hosting said it will buy NetBenefit Ltd, a unit of NBT Ltd for $38.5 million in cash as the IT hosting provider consolidates its position in the United Kingdom. The company said the deal is expected to add to its earnings per share immediately. Peer 1 said it will fund the acquisition with cash on hand and its existing credit facilities. Shares of Peer 1 closed at C$2.22 on Tuesday on the Toronto Stock Exchange. (Reporting by Ankur Banerjee in Bangalore; Editing by Supriya Kurane) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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    Other News on Wednesday, 6 June 2012
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