StockMarketWire.com - Begbies Traynor acquired London-based Alexander Lawson Jacobs, an insolvency and business recovery practice, for at least £2.4m. The acquisition was for an initial consideration of £2.4m. An additional contingent consideration of up to £4m would become payable if Alexander Lawson Jacobs achieved certain financial targets within a five-year period directly following completion, the company said. The team of 24 directors and employees of Alexander Lawson Jacob, or ALJ, would join the company, enhancing its existing strong network of offices across London and the South-East. The acquisition was in line with the company's strategy to increase the scale and market share of its insolvency practice. At 9:37am: [LON:BEG] Begbies Traynor Group PLC share price was +2p at 87p



Story provided by StockMarketWire.com