Brief: Voxx International Corp's Subsidiary, Premium Audio Company LLC To Acquire The Audio, Video Business Of Onkyo Home Entertainment Corp
28/06/2021 14:05
June 28 (Reuters) - VOXX International Corp VOXX.O :
* VOXX INTERNATIONAL CORPORATION'S SUBSIDIARY, PREMIUM AUDIO
COMPANY, LLC, ENTERS INTO JOINT VENTURE AGREEMENT WITH SHARP
CORPORATION; JOINT VENTURE TO ACQUIRE THE AUDIO/VIDEO BUSINESS
OF ONKYO HOME ENTERTAINMENT CORPORATION
* VOXX INTERNATIONAL - TOTAL PURCHASE PRICE FOR DEAL IS
$30.8
MILLION
* VOXX INTERNATIONAL CORP - PREMIUM AUDIO COMPANY WILL OWN
APPROXIMATELY 75% AND SHARP WILL OWN APPROXIMATELY 25% OF JV
* VOXX INTERNATIONAL CORP - PREMIUM AUDIO COMPANY WILL
HANDLE
DISTRIBUTION WORLDWIDE AND BE RESPONSIBLE FOR ALL SALES AND
MARKETING ACTIVITIES
Source text for Eikon: ID:nPn8xnJSna
Further company coverage: VOXX.O
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