Brief: Moduslink Announces Acquisition Of Iwco Direct For $476 Mln In Cash

Steel Connect

18/12/2017 13:00

Dec 18 (Reuters) - Moduslink Global Solutions Inc  MLNK.O : 
    * MODUSLINK ANNOUNCES ACQUISITION OF IWCO DIRECT FOR $476 
MILLION 
IN CASH 
    * MODUSLINK GLOBAL SOLUTIONS INC - WITH TRANSACTION 
COMPLETED, 
IWCO DIRECT BECOMES A WHOLLY-OWNED SUBSIDIARY OF MODUSLINK 
GLOBAL SOLUTIONS 
    * MODUSLINK GLOBAL -STEEL PARTNERS HOLDINGS INCREASED ITS 
INVESTMENT IN CO THROUGH ITS AFFILIATE WITH A $35.0 MILLION 
CONVERTIBLE PREFERRED STOCK INVESTMENT 
    * MODUSLINK GLOBAL SOLUTIONS INC -  STEEL PARTNERS HOLDINGS 
TOGETHER WITH ITS AFFILIATES HAVE BENEFICIAL OWNERSHIP IN 
MODUSLINK OF APPROXIMATELY 52 PERCENT 
    * MODUSLINK GLOBAL SOLUTIONS - JACK HOWARD, AND WILLIAM 
FEJES, JR 
TO JOIN CO'S BOARD, EXPANDING BOARD TO SEVEN MEMBERS AND FILLING 
ONE EXISTING VACANCY 
 
Source text for Eikon:  ID:nPn4G5d8a  
Further company coverage:  MLNK.O  
 
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