Brief: mdf Commerce Announces Sale Of Intertrade Systems Inc., Its Supply Chain Collaboration Subsidiary
05/10/2022 12:37
Oct 5 (Reuters) - mdf Commerce Inc MDF.TO :
* MDF COMMERCE ANNOUNCES SALE OF INTERTRADE SYSTEMS INC.,
ITS
SUPPLY CHAIN COLLABORATION SUBSIDIARY
* MDF COMMERCE INC - SPS ACQUIRED ALL ISSUED AND OUTSTANDING
SHARES OF INTERTRADE FOR A TOTAL, ALL-CASH CONSIDERATION OF
$65.8 MILLION
* MDF COMMERCE INC - UPON REPAYMENT OF TERM FACILITY, IT
WILL NO
LONGER BE AVAILABLE
* MDF COMMERCE INC - PROCEEDS FROM SALE WILL BE USED TO
REPAY CO'S
TERM FACILITY OF C$21.7 MILLION IN FULL AT CLOSING
Source text for Eikon: ID:nGNX8dGqql
Further company coverage: MDF.TO
(Reuters.Briefs@thomsonreuters.com;)
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