Ebiquity acquires remaining stake in US subsidiary

8th May 2014 13:00

AIM-listed advertising data specialist Ebiquity has acquired the remaining minority stake in its US subsidiary Billets America.The outstanding 15% interest will be bought from the subsidiary's management and will be payable on the performance of the business during the three financial years ending April 30th 2015. The US subsidiary will be merged as part of a reorganisation with Ebiquity's other wholly-owned US businesses to facilitate a streamlined structure under Alex Yoder, the group's new Americas boss.As of 14:06, Ebiquity's share price was unchanged at 128p. WS