Brief: Acroud Updates On U.S. Strategy, Withdraws From LoI
26/02/2021 15:04
Feb 26 (Reuters) - Acroud AB ACROUD.ST :
* ACROUD GIVES AN UPDATE ON US STRATEGY AND WITHDRAW FROM PREVIOUSLY ANNOUNCED LETTER OF
INTENT
* HAS DECIDED TO WITHDRAW FROM PROCESS OF POTENTIAL ACQUISITION WHERE A LETTER OF INTENT WAS
ANNOUNCED NOVEMBER 3, 2020
* RATIONALE BEHIND WITHDRAWAL IS A COMBINATION OF HIGHER TRANSACTION RISK THAN ANTICIPATED
AND
INCREASED MOMENTUM FOR OUR CURRENT ASSETS
* MAIN FOCUS WILL CURRENTLY BE TO KEEP MOMENTUM AND DEVELOP OUR CURRENT ASSETS
* WILL CONTINUE TO EVALUATE POTENTIAL ACQUISITIONS ON US MARKET
Source text for Eikon: ID:nWkr5bTFY6
Further company coverage: ACROUD.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))