Brief: Emerge To Acquire BattlBox And Carnivore Club

Emerge Commerce

30/08/2021 12:35

Aug 30 (Reuters) - Emerge Commerce Ltd  ECOM.V :
    * EMERGE SIGNS DEFINITIVE AGREEMENT TO ACQUIRE U.S. AND
CANADIAN
SUBSCRIPTION BRANDS, BATTLBOX AND CARNIVORE CLUB
    * EMERGE COMMERCE LTD - TRANSACTION EXPECTED TO BE FUNDED
WITH
EXISTING CASH ON HAND
    * EMERGE COMMERCE - UPON CLOSING, ACQUISITION WILL BOOST
EMERGE'S
MONTHLY SUBSCRIPTION REVENUE AND IS EXPECTED TO BE IMMEDIATELY
ACCRETIVE TO EBITDA
    * EMERGE COMMERCE - DEAL FOR FOR US$10.25 MILLION IN CASH,
US$1.5
MILLION IN DEFERRED CONSIDERATION PAYABLE OVER 3 YEARS
    * EMERGE COMMERCE - DEAL FOR $1.5 MILLION IN DEFERRED
CONSIDERATION PAYABLE OVER 3 YRS, CONTINGENT EARNOUT
CONSIDERATION OF UPTO US$7.2 MILLION OVER 3 YEAR PERIOD

Source text for Eikon:  ID:nCNWpc0n8a 
Further company coverage:  ECOM.V 

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