Brief: Fine Foods & Pharmaceuticals Signs Binding Term Sheet For 100% Of Pharmatek PMC

Fine Foods & Pharmaceuticals NTM SpA

16/11/2020 12:07

Nov 16 (Reuters) - Fine Foods & Pharmaceuticals NTM SpA
 FF.MI :
    * SIGNS ACQUISITION BINDING TERM SHEET FOR 100% OF PHARMATEK
PMC
    * UNDER TERM SHEET, ACQUISITION PRICE OF 100% OF PHARMATEK,
OF MAX
OF € 17.2 MILLION, TO BE PAID IN CASH
    * MAX OF € 17.2 MILLION TO BE DIVIDED INTO FIXED COMPONENT
OF €
11.2 MILLION AND VARIABLE COMPONENT OF MAX € 6 MILLION
(EARN-OUT)
    * TRANSACTION'S COMPLETION SHOULD TAKE PLACE BY END OF JAN
2021

Source text for Eikon:  ID:nBIAbs2x57 
Further company coverage:  FF.MI 

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