Brief: Transcat Says On September 11, Entered Into Amendment To Share Purchase Agreement Dated August 31, 2021

Transcat

12/09/2023 11:18

Sept 12 (Reuters) - Transcat Inc  TRNS.O :
    * TRANSCAT : ON SEPTEMBER 11, ENTERED INTO AMENDMENT TO A
SHARE
PURCHASE AGREEMENT DATED AUGUST 31, 2021
    * TRANSCAT INC: EXPECTS THAT ITS TOTAL EARN-OUT OBLIGATIONS
UNDER
AMENDMENT WILL BE BETWEEN $3.7 MILLION AND $4.5 MILLION
    * TRANSCAT INC: WILL INCUR A CORRESPONDING ONE-TIME EXPENSE
OF
SAME AMOUNT IN ITS CONSOLIDATED STATEMENT OF INCOME FOR QUARTER
ENDING SEPT 23
    * TRANSCAT INC: EXPECTS A ONE-TIME REDUCTION OF NET INCOME
OF
BETWEEN $2.7 MILLION AND $3.4 MILLION FOR QUARTER ENDING
SEPTEMBER 23

Source text for Eikon:  ID: 
Further company coverage:  TRNS.O 

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