Brief: Endurance Acquisition Enters Amendment To Business Combination Deal By And Among Co And Satixfy Communications
23/08/2022 11:15
Aug 23 (Reuters) - Endurance Acquisition Corp EDNC.O :
* ENDURANCE ACQUISITION - ENTERED AMENDMENT NO. 2 TO PIOR
DISCLOSED BUSINESS COMBINATION AGREEMENT BY AND AMONG CO AND
SATIXFY COMMUNICATIONS
* ENDURANCE ACQUISITION CORP - PURSUANT TO SECOND BCA
AMENDMENT,
CO, SATIXFY AND MERGER SUB HAVE AGREED TO REDUCE EQUITY VALUE OF
SATIXFY TO $365 MILLION
* ENDURANCE ACQUISITION - IN AMENDMENT, CO, SATIXFY, MERGER
SUB
AGREED TO REMOVE CONDITION THAT DEAL PROCEEDS SHALL BE EQUAL OR
GREATER THAN $115 MILLION
* ENDURANCE ACQUISITION - IN AMENDMENT, CO, SATIXFY, MERGER
SUB
AGREED TO AMEND DEAL TERMINATION PROVISIONS TO AMEND TERMINATION
DATE TO NOV 7, 2022
Source text for Eikon: (ID:https://bit.ly/3Te4p23)
Further company coverage: EDNC.O
((Reuters.Briefs@thomsonreuters.com;))