Brief: W5 Solutions Signs LoI To Acquire Kongsberg Target Systems

W5 Solutions publ AB

15/03/2023 07:19

March 15 (Reuters) - W5 Solutions AB (publ)  W5.ST :
    * SIGNS LETTER OF INTENT TO ACQUIRE KONGSBERG TARGET SYSTEMS
    * INITIAL PURCHASE PRICE AMOUNTS TO TOTAL OF ABOUT MSEK
45.2, OF
WHICH MNOK 20 (MSEK 20.2) WILL BE PAID IN CASH, MSEK 25 WILL BE
SETTLED IN FORM OF CONSIDERATION SHARES IN W5 SOLUTIONS
    * ACQUISITION IS CONDITIONAL ON W5 SOLUTIONS CONDUCTING
SATISFACTORY DUE DILIGENCE OF KTS, PARTIES AGREEING TO ENTER
INTO SHARE PURCHASE AGREEMENT
    * SIGNING OF SHARE PURCHASE AGREEMENT, COMPLETION OF
ACQUISITION
IS SCHEDULED FOR MARCH

Source text for Eikon:  ID:nMFN7pWwmC 
Further company coverage:  W5.ST 

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