Brief: Premium Audio Company, Llc A Voxx International Corporation Subsidiary, Has Signed An Asset Purchase Agreement To Acquire The Audio/Video Business Of Onkyo Home Entertainment Corporation
03/06/2021 13:35
June 3 (Reuters) - VOXX International Corp VOXX.O :
* PREMIUM AUDIO COMPANY, LLC, A VOXX INTERNATIONAL
CORPORATION
SUBSIDIARY, HAS SIGNED AN ASSET PURCHASE AGREEMENT TO ACQUIRE
THE AUDIO/VIDEO BUSINESS OF ONKYO HOME ENTERTAINMENT CORPORATION
* VOXX INTERNATIONAL CORP - TOTAL PURCHASE PRICE FOR
TRANSACTION
IS APPROXIMATELY $30.8 MILLION, PLUS ASSUMPTION OF CERTAIN
LIABILITIES
* VOXX INTERNATIONAL CORP - ADDITIONALLY, FUTURE COMMISSIONS
ON
CERTAIN SALES WOULD BE PAYABLE
Source text for Eikon: ID:nPn2TR7fa
Further company coverage: VOXX.O
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