Brief: Delta Corp Enters Into Definitive Merger Agreement With Kaival Brands

Kaival Brands Innovations

23/09/2024 14:20

Sept 23 (Reuters) - Kaival Brands Innovations Group Inc
 KAVL.O :
    * DELTA CORP HOLDINGS LIMITED, A FAST GROWING ASSET-LIGHT
LOGISTICS COMPANY ENTERS INTO A DEFINITIVE MERGER AND SHARE
EXCHANGE AGREEMENT WITH KAIVAL BRANDS INNOVATIONS GROUP, INC.
    * KAIVAL BRANDS INNOVATIONS GROUP INC - COMBINED COMPANY TO
BE
TRADED ON NASDAQ
    * KAIVAL BRANDS INNOVATIONS GROUP INC: PROPOSED DEAL FOR AN
IMPLIED PRICE PER SHARE OF $2.66
    * KAIVAL BRANDS INNOVATIONS GROUP INC - DELTA MANAGEMENT
TEAM TO
LEAD COMBINED COMPANY
    * KAIVAL BRANDS INNOVATIONS GROUP INC: DELTA SHAREHOLDERS
WILL
EXCHANGE THEIR SHARES OF DELTA FOR $270 MILLION IN ORDINARY
SHARES OF PUBCO
    * KAIVAL BRANDS: CO'S STOCKHOLDERS TO OWN ABOUT 10.30% OF
OUTSTANDING ORDINARY SHARES OF PUBCO

Source text for Eikon:  ID:nGNXbJfBNq 
Further company coverage:  KAVL.O 

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