Brief: Water Ways Technologies Provides Update On Its Previously Announced Transaction To Acquire 51% Of Hidrotop
08/02/2023 13:51
Feb 8 (Reuters) - Water Ways Technologies Inc WWT.V :
* WATER WAYS TECHNOLOGIES PROVIDES AN UPDATE ON ITS
PREVIOUSLY
ANNOUNCED TRANSACTION TO ACQUIRE 51% OF HIDROTOP
* WATER WAYS TECHNOLOGIES INC - PROPOSED ACQUISITION OF
DESARROLLO DE SISTEMAS HIDRAULICOS S.A. WILL NOT PROCEED
* WATER WAYS TECHNOLOGIES INC - CO AND HIDROTOP HAVE AGREED
THAT A
NEW REDUCED ACQUISITION PRICE MUST BE RENEGOTIATED
* WATER WAYS - DEAL WILL NOT PROCEED BASED ON EXISTING
TERMS DUE
TO FACT THAT HIDROTOP DID NOT ATTAIN CERTAIN FINANCIAL
MILESTONES REQUIRED
Source text for Eikon: ID:nGNX5bJVvW
Further company coverage: WWT.V
((Reuters.Briefs@thomsonreuters.com;))
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