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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Global Eagle Completes Post Modern Group Acquisition 0 comments
    Jul 10, 2013 10:59 AM | about stocks: EAGL

    Originally published at www.seclive.com

    Filing in Focus: Global Eagle Entertainment 8-K, May 14, 2013

    Global Eagle Entertainment (EAGL) has completed the acquisition of Post Modern Group in a $24M cash and stock transaction initiated earlier this year. Global Eagle is a leader in the airline in-flight entertainment industry, and this acquisition of PMG, a digital media production and post-production company, will add to the depth of services the company provides. For fiscal 2013, PMG is expected to contribute over $4.5M in net income with revenues of $35M. Global Eagle CFO Dave Davis remarked that the transaction is a strategic move, strengthening its already-offered services and enabling it to venture into new markets.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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