Brief: ADDvantage Technologies To Divest Cable TV Segment Operations

ADDvantage Technologies

27/12/2018 21:13

Dec 27 (Reuters) - ADDvantage Technologies Group Inc
 AEY.O :
    * PRESS RELEASE - ADDVANTAGE TECHNOLOGIES TO DIVEST CABLE TV
SEGMENT OPERATIONS
    * ADDVANTAGE TECHNOLOGIES GROUP INC - DEAL FOR FOR $10.3
MILLION
    * ADDVANTAGE TECHNOLOGIES GROUP INC - PURCHASE PRICE WILL
CONSIST
OF $3.9 MILLION OF CASH AND A $6.4 MILLION PROMISSORY NOTE
    * ADDVANTAGE TECHNOLOGIES GROUP INC -  TO SELL CABLE TV
SEGMENT
BUSINESS FOR $10.3 MILLION TO LEVELING 8 INC COMPANY CONTROLLED
BY DAVID CHYMIAK, CO'S CTO
    * ADDVANTAGE TECHNOLOGIES GROUP INC - CO PROHIBITED FROM
SOLICITING OTHER OFFERS FOR CABLE TV SEGMENT
    * ADDVANTAGE TECHNOLOGIES GROUP INC - AGREEMENT PERMITS CO'S
BOARD
TO CONSIDER AND APPROVE SUPERIOR UNSOLICITED ACQUISITION
PROPOSAL
    * ADDVANTAGE TECHNOLOGIES GROUP INC -  CHYMIAK WILL NO
LONGER BE
EMPLOYEE BUT WILL REMAIN ON BOARD

Source text for Eikon:  ID:nGNX6Znqyy 
Further company coverage:  AEY.O