Brief: BOS Announces Definitive Agreement To Purchase The Assets Of Imdecol Ltd

BOS Better Online Solutions

20/03/2019 13:34

March 20 (Reuters) - BOS Better Online Solutions Ltd
 BOSC.O :
    * BOS ANNOUNCES DEFINITIVE AGREEMENT TO PURCHASE THE ASSETS
OF
IMDECOL LTD.
    * BOS BETTER ONLINE SOLUTIONS LTD - PURCHASE PRICE CONSISTS
OF A
COMBINATION OF CASH AND ORDINARY SHARES OF BOS
    * BOS BETTER ONLINE SOLUTIONS LTD - NIS 1 MILLION
(APPROXIMATELY
$280,000) WAS PAID TO IMDECOL UPON SIGNING DEFINITIVE AGREEMENT
    * BOS BETTER ONLINE SOLUTIONS - CASH PORTION OF ACQUISITION
PRICE
TO BE FINANCED THROUGH COMBINATION OF COMMERCIAL BANK LOANS,
INTERNAL CASH RESOURCES
    * BOS BETTER ONLINE SOLUTIONS LTD - ADDITIONAL NIS 4.5
MILLION
(APPROXIMATELY $1.25 MILLION) SHALL BE PAID TO IMDECOL AT
CLOSING
    * BOS BETTER ONLINE SOLUTIONS LTD - NIS 1.5 MILLION
(APPROXIMATELY
$417,000) SHALL BE PAID TO IMDECOL NO LATER THAN AUGUST 2020
    * BOS BETTER ONLINE SOLUTIONS LTD - ADDITIONAL AMOUNT IN
CASH MAY
BE PAID BY AUGUST 2020, BASED ON PERFORMANCE THROUGH JUNE 2020.

Source text for Eikon:  ID:nGNX4y49qj 
Further company coverage:  BOSC.O 

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