Brief: Emerge Announces Signing Of Definitive Agreement To Sell WholesalePet For US$9.25M, And Plans Major Debt Reduction

Emerge Commerce

24/01/2024 12:34

Jan 24 (Reuters) - Emerge Commerce Ltd  ECOM.V :
    * EMERGE ANNOUNCES SIGNING OF DEFINITIVE AGREEMENT TO SELL
WHOLESALEPET FOR US$9.25M, AND PLANS MAJOR DEBT REDUCTION
    * EMERGE COMMERCE LTD - BUYER HAS AGREED TO PAY TO EMERGE
US, CASH
CONSIDERATION OF US$9,250,000 ON CLOSING OF TRANSACTION
    * EMERGE COMMERCE LTD - CLOSING IS EXPECTED TO OCCUR PRIOR
TO END
OF JANUARY, 2024 OR SUCH OTHER DATE AS EMERGE US, TARGET AND
BUYER MAY MUTUALLY AGREE

Source text for Eikon:  ID:nCNWwZF9La 
Further company coverage:  ECOM.V 

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