Brief: LMP Automotive Enters Into Definitive Acquisition Agreements To Buy 85% Interest In Alan Jay Automotive Network
13/09/2021 12:28
Sept 13 (Reuters) - Lmp Automotive Holdings Inc LMPX.O :
* LMP AUTOMOTIVE - ENTRY INTO DEFINITIVE ACQUISITION
AGREEMENTS TO
PURCHASE 85% INTEREST IN ALAN JAY AUTOMOTIVE NETWORK
* LMP AUTOMOTIVE - AGGREGATE REAL ESTATE PURCHASE PRICE OF
ABOUT
$44.1 MILLION
* LMP AUTOMOTIVE - PURCHASE PRICE OF ABOUT $50 MILLION FOR
GOODWILL TO BE FUNDED THROUGH CASH ON BALANCE SHEET, UP TO $25
MILLION IN COMMON STOCK, DEBT FINANCING
Source text for Eikon: ID:nGNE2jLDwR
Further company coverage: LMPX.O
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