Helios and Matheson (HMNY), Zone Technologies to Merge

Get access to the best calls on Wall Street with StreetInsider.com’s Ratings Insider Elite. Get your Free Trial here. Helios and Matheson Analytics, Inc. (Nasdaq: HMNY) and Zone Technologies, Inc. announced that they have signed a definitive agreement and plan of merger (the “Agreement”). The parties expect the merger to create a fully integrated Big Data and Artificial Intelligence company for real-time crime data aggregation and global expansion of Zone’s RedZone Maps mobile application. Pursuant to the Agreement, a newly-formed wholly owned subsidiary of HMNY will merge with and into Zone, with Zone surviving the Merger as a wholly owned subsidiary of HMNY (the “Merger”). At the effective time of the Merger, each share of Zone common stock will be converted into the right to receive 0.174 shares of common…

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