Brief: Cluny Capital Announces Proposed Qualifying Transaction

Mercanto Holdings

04/09/2019 22:53

Sept 4 (Reuters) - Cluny Capital Corp  CLNh.V :
    * CLUNY CAPITAL ANNOUNCES PROPOSED QUALIFYING TRANSACTION
    * PROPOSED TRANSACTION WOULD RESULT IN A REVERSE TAKE-OVER
OF
COMPANY BY XEBRA.
    * ENTERED INTO A BINDING LETTER OF INTENT DATED AUGUST 19,
2019
WITH XEBRA BRANDS LTD
    * ANTICIPATED CO WILL ACQUIRE XEBRA BY WAY OF A SHARE
EXCHANGE,
MERGER, AMALGAMATION, ARRANGEMENT OR OTHER SIMILAR FORM OF
TRANSACTION
    * ANTICIPATES MERGER WILL RESULT IN SHAREHOLDERS OF XEBRA
HOLDING
MAJORITY OF OUTSTANDING SHARES OF CO UPON CLOSING

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX2wZqZN
Further company coverage:  CLNh.V 

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