Brief: DD3 Acquisition Corp. Announces It Has Entered Into A Definitive Agreement To Merge With Betterware

Betterware de Mexico S.A.P.I.

05/08/2019 13:19

Aug 5 (Reuters) - DD3 Acquisition Corp  DDMX.O :
    * DD3 ACQUISITION CORP. ANNOUNCES IT HAS ENTERED INTO A
DEFINITIVE
AGREEMENT TO MERGE WITH BETTERWARE
    * DD3 ACQUISITION CORP - TRANSACTION IMPLIES AN INITIAL
ENTERPRISE
VALUE OF APPROXIMATELY US$367 MILLION
    * DD3 ACQUISITION CORP - COMBINED COMPANY WILL OPERATE AS
"BETTERWARE" AND IS EXPECTED TO REMAIN PUBLICLY LISTED ON NASDAQ
    * DD3 ACQUISITION CORP - LUIS CAMPOS, CHAIRMAN OF
BETTERWARE, AND
ANDRES CAMPOS, CEO OF BETTERWARE, WILL CONTINUE TO RUN COMBINED
COMPANY
    * DD3 ACQUISITION CORP - CURRENT BETTERWARE SHAREHOLDERS
WILL ROLL
OVER MOST OF THEIR EQUITY STAKES AND WILL REMAIN MAJORITY OWNERS
OF COMBINED COMPANY
    * DD3 ACQUISITION - MARTIN WERNER, CEO & CHAIRMAN OF DD3,
GUILLERMO ORTIZ, BOARD MEMBER OF DD3, EXPECTED TO JOIN COMBINED
COMPANY'S BOARD OF DIRECTORS
    * DD3 ACQUISITION CORP -  CO'S CEO MARTIN WERNER AND
GUILLERMO
ORTIZ, BOARD MEMBER OF CO, ARE EXPECTED TO JOIN COMBINED CO'S
BOARD
    * DD3 ACQUISITION CORP - CURRENT BETTERWARE SHAREHOLDERS
ANTICIPATED TO OWN ABOUT 80% STAKE OF COMBINED COMPANY AT
CLOSING
    * DD3 ACQUISITION CORP - FOR TRANSACTION IS EXPECTED TO BE
COMPLETED DURING Q4 OF 2019
    * DD3 ACQUISITION CORP - 20% OWNERSHIP OF COBINED COMPANY TO
BE
HELD BY PUBLIC INVESTORS AND DD3

Source text for Eikon:  ID:nPn7263JSa 
Further company coverage:  DDMX.O 

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