Brief: Haymaker And Arko Holdings And Gpm Investments Sign Letter Of Intent For A Business Combination

biote

13/07/2020 13:58

July 13 (Reuters) - Haymaker Acquisition Corp II  HYAC.O :
    * HAYMAKER AND ARKO HOLDINGS LTD. AND GPM INVESTMENTS, LLC
SIGN
NON-BINDING LETTER OF INTENT FOR A BUSINESS COMBINATION
    * HAYMAKER ACQUISITION CORP II - COMBINATION WOULD RESULT IN
100%
OF GPM & ARKO COMBINING WITH HAYMAKER WITH ROLLOVER FROM
EXISTING EQUITYHOLDERS
    * HAYMAKER ACQUISITION CORP II - UNDER TERMS OF LOI,
ENTERPRISE
VALUE OF COMBINED COMPANY IS ABOUT $1.5 BILLION

Source text for Eikon:  ID:nGNX8D8yLH 
Further company coverage:  HYAC.O 

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