December 5, 2016 / 9:32 AM / a year ago

BRIEF-Perk Inc to be acquired by Rhythmone PLC

Dec 5 (Reuters) - Perk Inc

* Perk Inc. to be acquired by Rhythmone PLC

* Says deal valued at approximately US$42.5 million

* Perk-Rhythmone agreed to buy all common and class a restricted voting shares of perk by way of plan of arrangement in an all-stock transaction

* Perk - Upon completion of acquisition and exercise of Perk’s employee options, each Perk share will be exchanged for 4.5116 Rhythmone shares

* Says upon completion of transaction, Perk will become a wholly-owned subsidiary of Rhythmone

* Perk - Agreement provides that co may consider,accept unsolicited superior proposals, subject to termination fee payable to Rhythmone

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