Brief: Hudson Acquisition I Corp. And Aiways Automobile Europe GmbH Enter Into Letter Agreement For Business Combination
May 14 (Reuters) - Hudson Acquisition I Corp HUDA.O :
* HUDSON ACQUISITION I CORP. AND AIWAYS AUTOMOBILE EUROPE
GMBH
ENTER INTO LETTER AGREEMENT FOR BUSINESS COMBINATION
* REPRESENTING AN EQUITY VALUATION OF APPROXIMATELY US$400
MILLION.
* HUDA'S SHAREHOLDERS WILL BECOME MINORITY AND
NON-CONTROLLING
SHAREHOLDERS IN COMBINED ENTITY.
Source text for Eikon: ID:nGNX44bgYJ
Further company coverage: HUDA.O
((Reuters.Briefs@thomsonreuters.com;))
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