DG FastChannel amends agreement to buy Enliven

By Associated Press
September 5, 2008 | Comments (0)

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DG FastChannel Inc., a digital media advertising services provider, said Friday it amended its agreement to buy Enliven Marketing Technologies Corp., saying it will now offer 2.9 million shares of its stock in the stock swap deal.

In May, the company had said it would issue 4.5 million shares. The revised terms of the deal value Enliven at about $80 million, including about $5 million in debt.

DG FastChannel also said its board of directors will expand to eight members from seven. Harvey D. Weatherson, a current Enliven board member, will join the DG FastChannel board.

DG FastChannel said it expects to realize about $3 million in cost savings in its first full year of operation as a combined entity.

The deal must still be approved by shareholders.

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