Brief: Act II Global Acquisition Amends Terms To Purchase Agreement

Whole Earth Brands

16/06/2020 13:02

June 16 (Reuters) - Act II Global Acquisition Corp  ACTT.O :
    * ACT II GLOBAL ACQUISITION CORP. AMENDS TERMS TO PURCHASE
AGREEMENT AND RECEIVES UNANIMOUS CONSENT FROM PRIVATE PLACEMENT
INVESTORS
    * ACT II GLOBAL ACQUISITION CORP - AMENDED TRANSACTION TERMS
REFLECT AN IMPROVED VALUATION OF 6.75X PRO FORMA ADJUSTED 2020
EBITDA VERSUS  7.9X BEFORE
    * ACT II GLOBAL ACQUISITION CORP - INVESTORS REAFFIRM
PREVIOUSLY
ANNOUNCED $75 MILLION PRIVATE PLACEMENT
    * ACT II GLOBAL ACQUISITION CORP - TRANSACTION IS NOW VALUED
AT
APPROXIMATELY $439 MILLION

Source text for Eikon:  ID:nBw8QB3rMa 
Further company coverage:  ACTT.O 

 ((Reuters.Briefs@thomsonreuters.com;))