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Said agreement provides for the reimbursement of Usd 7.5 mil., net of the technical legal expenses borne for necessary evaluations.
Moreover, the agreement definitely confirms that tax benefits, equal to Usd 20.5 mil., for the most part attributable to past losses, shall remain with PSC Inc.. Said benefits, already included in the Datalogic Group consolidated financial statements, could be realized in the future in the event that the PSC Group delivers adequate profitability.
The above-described agreement will allow the Datalogic Group to revise the effective purchase price of PSC Inc. down from Usd 151.2 mil. (enterprise value equal to Usd 195 mil.) to Usd 143.7 mil.. Furthermore, in the event of future use of the above-mentioned tax benefits, further amounts, equal to Usd 20.5 mil., could be subtracted from the purchase price