Brief: Crawford & Co says Entered Into Asset Purchase Agreement With Praxis Consulting, Inc, Game Tight, Inc. And J. Robert Ford

Crawford & Co

04/10/2021 15:41

Oct 4 (Reuters) - Crawford & Co  CRDb.N :
    * CRAWFORD & CO - ENTERED INTO ASSET PURCHASE AGREEMENT WITH PRAXIS CONSULTING, INC, GAME
TIGHT,
INC. AND J. ROBERT FORD
    * CRAWFORD & CO - TO PURCHASE, ACQUIRE AND ASSUME FROM PRAXIS, SUBSTANTIALLY ALL OF PRAXIS'
ASSETS, CERTAIN OF PRAXIS' LIABILITIES FOR $55.5 MILLION
    * CRAWFORD & CO - PAYMENT IS STRUCTURED AS AN UPFRONT PAYMENT OF $45.5 MILLION IN CASH WITH
$25.5
MILLION PAID AT CLOSING AND $20.0 MILLION PAID IN JANUARY 2022
    * CRAWFORD & CO - PAYMENT OF REMAINING BALANCE OF $10.0 MILLION IS STRUCTURED UNDER VARIOUS
EARNOUT SCENARIOS OVER A TWO-YEAR PERIOD

Source text - https://bit.ly/3ml1zZv
Further company coverage:  CRDb.N 

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