Brief: Norbit Withdraws From Transaction With StalkIT And Associated Companies

Norbit ASA

29/03/2021 07:04

March 29 (Reuters) - Norbit ASA  NORBIT.OL :
    * NORBIT WITHDRAWS FROM TRANSACTION WITH STALKIT AND
ASSOCIATED
COMPANIES
    * BASED ON RESULTS OF DUE DILIGENCE, NORBIT HAS DECIDED TO
TERMINATE PROCESS AND AGREEMENT
    * AS EARLIER ANNOUNCED CO IS IN ADVANCED NEGOTIATIONS
REGARDING AN
ADD-ON ACQUISITION OF AN UNDISCLOSED EUROPEAN COMPANY
    * PROCESS IS PROGRESSING, ALTHOUGH CLOSING IS EXPECTED TO BE
DELAYED INTO SECOND QUARTE

Source text for Eikon:  ID:nObi0Yjzva 
Further company coverage:  NORBIT.OL 

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