Brief: Altitude Acquisition Corp. Announces Intention To Merge With A Leading Global Medical Device Manufacturer

Altitude Acquisition

04/10/2022 14:38

Oct 4 (Reuters) - Altitude Acquisition Corp  ALTU.O :
    * ALTITUDE ACQUISITION CORP. ANNOUNCES INTENTION TO MERGE
WITH A
LEADING GLOBAL MEDICAL DEVICE MANUFACTURER
    * ALTITUDE ACQUISITION CORP - PROPOSED TRANSACTION CALLS FOR
THE
COMBINED COMPANY TO HAVE AT LEAST $20 MILLION IN NET CASH AT
TIME OF CLOSING
    * ALTITUDE ACQUISITION CORP- ANTICIPATES ENTERING INTO
LETTER OF
INTENT ON OR AROUND OCT 31ST AND DEFINITIVE MERGER DEAL AS SOON
AS PRACTICABLE THEREAFTER
    * ALTITUDE ACQUISITION CORP - NEGOTIATIONS TO MERGE WITH
MEDICAL
DEVICE MANUFACTURER IN DEAL THAT PEGS ENTERPRISE VALUE OF CO AT
ABOUT $480 MILLION

Further company coverage:  ALTU.O 
 ((Reuters.Briefs@thomsonreuters.com;;))