Brief: Sleep Country Canada Acquires Majority Of Hush Blankets

Sleep Country Canada Holdings

19/10/2021 12:39

Oct 19 (Reuters) - Sleep Country Canada Holdings Inc
 ZZZ.TO :
    * SLEEP COUNTRY CANADA ACQUIRES MAJORITY OF HUSH BLANKETS
    * SLEEP COUNTRY CANADA - HAS AGREED TO ACQUIRE A 52%
MAJORITY
STAKE IN HUSH FOR AN INITIAL AMOUNT OF $25 MILLION
    * SLEEP COUNTRY CANADA HOLDINGS INC - WILL ACQUIRE RESIDUAL
48% OF
HUSH IN ANNUAL 16% STAKE INCREMENTS THEREAFTER STARTING MARCH
31, 2023
    * SLEEP COUNTRY CANADA HOLDINGS INC - HUSH WILL CONTINUE TO
OPERATE AS AN INDEPENDENT ENTITY LED BY OHAYON AND SPIVAK IN
THEIR RESPECTIVE ROLES

Source text for Eikon:  ID:nCNWH3WG6a 
Further company coverage:  ZZZ.TO 

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