Brief: Airboss Of America Buys 45% Minority Interest In Airboss Defense That It Does Not Currently Own

Airboss of America

26/10/2020 11:33

Oct 26 (Reuters) - AirBoss of America Corp  BOS.TO :
    * AIRBOSS OF AMERICA CORP - ACQUIRED 45% MINORITY INTEREST
IN
AIRBOSS DEFENSE GROUP THAT IT DOES NOT CURRENTLY OWN FROM
CRITICAL SOLUTIONS HOLDINGS LLC
    * AIRBOSS OF AMERICA - PURCHASE PRICE WILL BE PAID TO CSH
THROUGH
ISSUANCE FROM TREASURY OF ABOUT 3.5 MILLION AIRBOSS COMMON
SHARES & $20 MILLION OF CASH
    * AIRBOSS OF AMERICA - EFFECTIVE TODAY, CO WILL BEGIN
INCLUDING
100% OF ADG'S NET INCOME IN CO'S NET INCOME AND EPS
    * AIRBOSS OF AMERICA - PROPOSED ACQUISITION WILL NOT IMPACT
ADG'S
MANAGEMENT OR OPERATIONS

Source text for Eikon:  ID:nGNX6YZ4qP 
Further company coverage:  BOS.TO 

 ((Reuters.Briefs@thomsonreuters.com;))