Brief: Olympia Financial announces sale of ATM business to Tarman Inc
06/06/2018 03:40
June 5 (Reuters) - Olympia Financial Group Inc OLY.TO :
* OLYMPIA ANNOUNCES SALE OF ATM BUSINESS
* WHOLLY-OWNED SUBSIDIARY, OLYMPIA ATM INC HAS ENTERED
AGREEMENT
TO SELL AUTOMATED TELLER MACHINE BUSINESS TO TARMAN INC
* TARMAN INC IS OWNED AND CONTROLLED BY RICK SKAUGE,
PRESIDENT,
CHIEF EXECUTIVE OFFICER AND CHAIRMAN OF OLYMPIA
* OLYMPIA FINANCIAL GROUP-PURCHASE PRICE TO BE PAID BY
TARMAN IS
EQUAL TO AGGREGATE BOOK-VALUE OF ASSETS USED IN ATM BUSINESS;
ESTIMATED TO BE $1.4 MILLION
* OLYMPIA'S INDEPENDENT DIRECTORS HAVE UNANIMOUSLY APPROVED
SALE
OF ATM BUSINESS TO TARMAN
Source text for Eikon: ID:nGNX6rb5MN
Further company coverage: OLY.TO
((Reuters.Briefs@thomsonreuters.com;))