29 that they mutually agreed to terminate previously announced merger plans. The parties revealed the plan on Dec.
10, which would have created a new, publicly listed company. At the time of the announcement, the combination was estimated to be valued at about $1.
2 billion at closing. The merger was subject to certain closing conditions, which “remained unsatisfied” as of the most recent announcement.
Neither party will be required to pay a termination fee. Chuck Bernicker, CEO of North Mountain, said his team was disappointed in the outcome, citing “market conditions” as the reason for the termination.
“Corcentric is a leading B2B […].
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