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MONTREAL (CP) - Internet search engine Mamma.com Inc. has resurrected a deal to acquire Copernic Technologies Inc. four months after an earlier transaction collapsed because of a securities investigation of the Montreal company.
Mamma.com announced late Wednesday it had signed a new letter of intent to acquire Copernic for cash and shares. Financial terms were not revealed.
In April, Copernic killed a proposed agreement to be taken over by Mamma.com Inc. after the announcement that Mamma.com was the subject of a formal investigation by U.S. securities regulators.
Not nice. Goes on for months on end. Mamma must know about this. (How could they not notice?)