Brief: Roche Bobois Signs Letter Of Intent For Two-Step Repurchase Of 6 Franchised Stores

Roche Bobois SA

20/02/2020 18:41

Feb 20 (Reuters) - ROCHE BOBOIS SA  RBO.PA :
    * SAYS SIGNED NON-BINDING LETTER OF INTENT WITH ITS MAIN
AMERICAN
FRANCHISEE TO ACQUIRE IN 2020 THREE ROCHE BOBOIS FRANCHISE
STORES IN UNITED STATES WITH UNILATERAL OPTION TO BUY 3
ADDITIONAL STORES BETWEEN 2021 AND 2022
    * IN IMMEDIATE FUTURE, GROUP WILL PROCEED TO BUY THREE
STORES
LOCATED IN SAN FRANCISCO, PORTLAND AND SEATTLE
    * WILL TAKE OVER ALL OF THE ACTIVITY, THE STOCKS AND THE
PERSONNEL
CONCERNED ON WEST COAST
    * SIGNATURE OF A LETTER OF INTENT FOR THE TWO-STEP
REPURCHASE OF 6
FRANCHISED STORES

Source text: https://bit.ly/37JBsSH
Further company coverage:  RBO.PA 

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