Brief: Altitude Acquisition Corp. Announces Letter Of Intent For A Business Combination With A Leading Global Medical Device Manufacturer

Altitude Acquisition

09/12/2022 14:03

Dec 9 (Reuters) - Altitude Acquisition Corp  ALTU.O :
    * ALTITUDE ACQUISITION CORP. ANNOUNCES LETTER OF INTENT FOR
A
BUSINESS COMBINATION WITH A LEADING GLOBAL MEDICAL DEVICE
MANUFACTURER
    * ALTITUDE ACQUISITION CORP - PROPOSED TRANSACTION VALUES
TARGET
AT AN ENTERPRISE VALUE OF $480 MILLION
    * ALTITUDE-CO, TARGET WOULD BE BECOME A COMBINED ENTITY,
WITH
TARGET'S EXISTING EQUITY HOLDERS ROLLING 100% OF THEIR EQUITY
INTO COMBINED PUBLIC COMPANY
    * ALTITUDE ACQUISITION CORP - PROPOSED TRANSACTION CALLS FOR
COMBINED COMPANY TO HAVE AT LEAST $30 MILLION IN NET CASH AT
TIME OF CLOSING

Source text for Eikon:  ID:nGNX99Q9NR 
Further company coverage:  ALTU.O 
 ((Reuters.Briefs@thomsonreuters.com;))