Brief: SRJ Technologies Says Acquisition Of STATS Not Proceeding
05/05/2022 09:17
May 5 (Reuters) - SRJ Technologies Group PLC SRJ.AX :
* SRJ ACQUISITION OF STATS NOT PROCEEDING
* SRJ AND STATS WILL CONTINUE TO COLLABORATE AT OPERATIONAL
LEVEL
AND PARTNER IN MULTIPLE REGIONAL MARKETS
* SHARE PURCHASE AGREEMENT EXECUTED ON 14 DEC 2021 HAS BEEN
TERMINATED
* TERMINATION OF ACQUISITION AS RESULT OF MARKET VOLATILITY
CAUSED
BY UNDERLYING MACRO, GEOPOLITICAL & SUPPLY CHAIN EVENTS
Source text for Eikon: ID:nASX9Z87Sk
Further company coverage: SRJ.AX
((Reuters.Briefs@thomsonreuters.com;))
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