Brief: Loudspring To Acquire 100% Ownership In Eagle Filters

Eagle Filters Oyj

28/09/2021 13:33

Sept 28 (Reuters) - Loudspring Plc  LOUD.HE :
    * LOUDSPRING TO ACQUIRE 100% OWNERSHIP IN EAGLE FILTERS
    * LOUDSPRING WILL ACQUIRE 15% OF EAGLE FILTERS SHARES FROM
COMPANY'S FOUNDER MR. JUHA KARILUOTO
    * TRANSACTION WILL INCREASE LOUDSPRING'S OWNERSHIP OF EAGLE
FILTERS FROM 85% TO 100% AND IS EXPECTED TO BE COMPLETED BY END
OF 2021
    * PURCHASE PRICE FOR ACQUIRED SHARES IS TIED TO FUTURE EBIT
AND
REVENUE DEVELOPMENT OF EAGLE FILTERS DURING 2022-2024 AND WILL
BE PAID IN TRANCHES DURING 2023-2025

Source text for Eikon:  ID:nWkrcflYPg 
Further company coverage:  LOUD.HE 

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