Forward Industries: Surges on deal to buy medical design company

Forward Industries

17/08/2020 23:08

** Accessories designer's shares  FORD.O  jump 89.1% to
$2.59 after the bell
    ** Co to buy Minneapolis-based Kablooe Design, a medical and
consumer design company  urn:newsml:reuters.com:*:nGNX7WjyPw
    ** Says deal consideration comprises of cash, equity,
assumed debt and contingent earn outs
    ** Up to Monday's close, FORD stock had risen ~38% YTD

 (Reporting by Ashwini Raj in Bengaluru)
 ((Ashwini.Raj@thomsonreuters.com; within U.S. +1 646 223 8780,
outside U.S. +91 80 6749 2756;))