Brief: Arko Corp. Negotiates Enhanced Value For Stockholders In Final Payment For Teg Acquisition

Arko.

28/03/2024 11:13

March 28 (Reuters) - Arko Corp.  ARKO.O :
    * ARKO CORP. NEGOTIATES ENHANCED VALUE FOR STOCKHOLDERS IN
FINAL
PAYMENT FOR TEG ACQUISITION
    * NEGOTIATED IMPROVED DEFERRED PAYMENT TERMS AND VALUE
RELATED TO
COMPANY'S PREVIOUSLY REPORTED ACQUISITION OF ASSETS OF TRANSIT
ENERGY
    * AMENDMENT TO ORIGINAL PURCHASE AGREEMENT WITH TEG, FOR
ARKO'S
REPURCHASE OF FIRST INSTALLMENT SHARES AT $5.66/ SHARE, 22.6%
DISCOUNT
    * ARKO AND TEG ALSO AGREED TO SETTLE SECOND $25 MILLION
INSTALLMENT PAYMENT FOR APPROXIMATELY $17.2 MILLION IN CASH

Source text for Eikon:  ID:nGNX2jnNRt 
Further company coverage:  ARKO.O 

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