Brief: Alta Equipment Group To Acquire Ecoverse Industries Creating Additional Business Segment
18/10/2022 12:05
Oct 18 (Reuters) - Alta Equipment Group Inc ALTG.N :
* ALTA EQUIPMENT GROUP TO ACQUIRE ECOVERSE INDUSTRIES
CREATING
ADDITIONAL BUSINESS SEGMENT
* ALTA EQUIPMENT GROUP INC - PURCHASE PRICE INCLUDES $42.5
MILLION
IN CASH, $2.5 MILLION OF ALTA COMMON STOCK AND A $6.0 MILLION
SELLER NOTE, AT CLOSE
* ALTA EQUIPMENT GROUP INC - ECOVERSE'S BRAND NAME,
EMPLOYEES, AND
MANAGEMENT TEAM WILL REMAIN IN PLACE POST-CLOSE
Source text for Eikon: ID:nBw2j0mrQa
Further company coverage: ALTG.N
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