Brief: VM Hotel Acquisition Announces Proposed Acquisition Of Pyure Co As Its Qualifying Acquisition
22/09/2022 14:22
Sept 22 (Reuters) - VM Hotel Acquisition Corp VMHu.TO :
* VM HOTEL ACQUISITION CORP. ANNOUNCES THE PROPOSED
ACQUISITION OF
THE PYURE COMPANY INC. AS ITS QUALIFYING ACQUISITION
* VM HOTEL ACQUISITION CORP - VMH WILL ACQUIRE PYURE FOR
SHARE
CONSIDERATION AT A VALUE OF APPROXIMATELY USD$250 MILLION
* VM HOTEL ACQUISITION CORP - PYURE WILL LOOK TO COMPLETE A
DEBT
OR EQUITY FINANCING ROUND FOR AT LEAST USD$15 MILLION PRIOR TO
CLOSING
* VM HOTEL - IAN MCAULEY, TOM WENNER, VMH'S CEO AND CFO,
RESPECTIVELY, WILL CONTINUE IN CURRENT ROLES POST-CLOSING,
SUPPORTED BY PYURE MANAGEMENT TEAM
Source text for Eikon: ID:nCNWFPSBVa
Further company coverage: VMHu.TO
((Reuters.Briefs@thomsonreuters.com;))
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