Reuters logo
9 个月前
BRIEF-IWG Technologies announces execution of arrangement agreement
2016年11月28日 / 下午3点02分 / 9 个月前

BRIEF-IWG Technologies announces execution of arrangement agreement

Nov 28 (Reuters) - Iwg Technologies Inc

* IWG Technologies Inc - Announces execution of arrangement agreement

* IWG Technologies- Entered into definitive arrangement agreement with 1096777 B.C. Ltd., ("purchaser"), WM Capital Management, Inc. as guarantor

* IWG Technologies - Under agreement, purchaser agreed to acquire all of issued, outstanding common shares of IWG for consideration of $0.43 in cash/ IWG earnings per share

* IWG Technologies Inc - Purchaser will pay a total of approximately $16.5 million for IWG shares

* IWG Technologies Inc - Upon completion of transaction current management and employees of IWG will remain with company

* IWG Technologies - has agreed to pay termination fee to purchaser of $577,500 in connection with termination of deal due to occurrence of certain events

* IWG Technologies Inc - Board of directors of IWG has unanimously approved execution and delivery of arrangement agreement Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below