Brief: TLA Worldwide Proposes Sale Of U.S. Businesses

Hawkwing

03/12/2018 15:26

Dec 3 (Reuters) - TLA Worldwide PLC  TLAT.L :
    * PROPOSED SALE OF US BUSINESSES
    * PURCHASER WILL PAY AN ENTERPRISE VALUE OF US$8.5 MILLION
FOR US
BUSINESSES
    * NET CASH PROCEEDS WILL BE USED TO REDUCE AMOUNT
OUTSTANDING
UNDER GROUP'S FACILITIES WITH ITS BANK
    * MAKING POSITIVE PROGRESS REGARDING SALE OF ITS AUSTRALIAN
BUSINESSES AND DISCUSSIONS ARE CONTINUING
    * CERTAIN UNITS ENTERED INTO AGREEMENT TO SELL LEGACY AGENCY
INC
AND TLA WORLDWIDE AMERICAS TO GCM SPORTS HOLDINGS
    * MAKING POSITIVE PROGRESS REGARDING SALE OF ITS AUSTRALIAN
BUSINESSES AND DISCUSSIONS ARE CONTINUING

Source text for Eikon:  ID:nRSC2769Ja 
Further company coverage:  TLAT.L 

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