Brief: Lassonde Industries And Sun-Rype Products To Join Forces

Lassonde Industries

29/10/2019 20:23

Oct 29 (Reuters) - Lassonde Industries Inc  LASa.TO :
    * CANADIAN-OWNED COMPANIES LASSONDE INDUSTRIES INC. AND
SUN-RYPE
PRODUCTS LTD. TO JOIN FORCES!
    * LASSONDE INDUSTRIES INC - TWO OF ITS UNITS HAVE ENTERED
INTO
AGREEMENT WITH SUBSIDIARIES OF JIM PATTISON GROUP TO ACQUIRE
SUN-RYPE PRODUCTS LTD
    * LASSONDE INDUSTRIES INC - DEAL FOR FOR A CASH
CONSIDERATION OF
APPROXIMATELY $80 MILLION
    * LASSONDE INDUSTRIES INC - CO WILL ASSUME $21 MILLION IN
LEASE
LIABILITY RELATED TO LONG-TERM LEASES FOR FACILITIES LOCATED IN
KELOWNA, SELAH AND WAPATO
    * LASSONDE INDUSTRIES INC - CASH CONSIDERATION REFLECTS
EXCESS
WORKING CAPITAL ESTIMATED AT $7 MILLION

Source text for Eikon:  ID:nCNWHlcbSa 
Further company coverage:  LASa.TO 

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