Brief: Live Ventures Announces Acquisition Of The Kinetic Co

Kinetic

30/06/2022 13:34

June 30 (Reuters) - Live Ventures Inc  LIVE.O :
    * LIVE VENTURES ANNOUNCES ACQUISITION OF THE KINETIC CO.,
INC.
    * LIVE VENTURES INC - TRANSACTION, VALUED AT APPROXIMATELY
$26
MILLION, WAS FINANCED WITH A COMBINATION OF THIRD-PARTY BANK AND
SELLER DEBT
    * LIVE VENTURES INC - THROUGH ITS EXISTING SUBSIDIARY,
PRECISION
MARSHALL, HAS ACQUIRED ALL OF OUTSTANDING STOCK OF KINETIC CO.,
INC
    * LIVE VENTURES INC - KINETIC WILL CONTINUE TO OPERATE AS A
STANDALONE BUSINESS AFTER DEAL

Source text for Eikon:  ID:nGNX1z3HVF 
Further company coverage:  LIVE.O