Jan 14 (Reuters) - Churchill Capital Corp CCC_u.N :
* CHURCHILL CAPITAL CORP AND CLARIVATE ANALYTICS ANNOUNCE MERGER AGREEMENT
* CHURCHILL CAPITAL CORP - CLARIVATE'S EXISTING MANAGEMENT TEAM, LED BY CEO JAY NADLER AND CFO RICHARD HANKS, WILL CONTINUE TO LEAD BUSINESS.
* CHURCHILL CAPITAL - IN CONNECTION WITH TRANSACTION, CHURCHILL FOUNDERS AGREED TO INVEST AN ADDITIONAL $15 MILLION, DOUBLING THEIR INVESTMENT IN CHURCHILL
* CHURCHILL CAPITAL - FOUNDERS DELAYED MAJORITY OF EQUITY TO VEST ONLY IF SHARE PRICE OF CO EXCEEDS $15.25/SHARE BY 2022, $17.50/SHARE BY 2024
* CHURCHILL CAPITAL - MAJORITY OF NET CASH PROCEEDS FROM TRANSACTION ARE EXPECTED TO BE USED TO PAY DOWN EXISTING CLARIVATE DEBT