Brief: Corporate Catalyst Acquisition To Acquire All Securities Of Globalive Technology Partners ​

Yooma Wellness

14/03/2018 12:45

March 14 (Reuters) - Corporate Catalyst Acquisition Inc
 CIIh.V :
    * CORPORATE CATALYST ANNOUNCES LETTER AGREEMENT TO COMPLETE
A
QUALIFYING TRANSACTION WITH GLOBALIVE TECHNOLOGY PARTNERS INC.
    * CORPORATE CATALYST ACQUISITION INC - ‍TO ACQUIRE ALL OF
ISSUED
AND OUTSTANDING SECURITIES OF GTP​
    * CORPORATE CATALYST ACQUISITION INC - DEAL FOR ‍ AGGREGATE
CONSIDERATION EXPECTED TO BE IN AMOUNT OF APPROXIMATELY $140
MILLION​
    * CORPORATE CATALYST ACQUISITION INC - ‍PROPOSED TRANSACTION
IS
NOT A NON-ARM'S LENGTH QUALIFYING TRANSACTION​
    * CORPORATE CATALYST ACQUISITION - TO USE REASONABLE EFFORTS
TO
CONSOLIDATE COMMON SHARES ON 6.66:1 BASIS/OTHER BASIS ON OR
PRIOR TO EFFECTIVE DATE​
    * CORPORATE CATALYST ACQUISITION - WILL ISSUE ABOUT 140
MILLION
RESULTING ISSUER SHARES IN EXCHANGE FOR CERTAIN ASSETS VALUED AT
$12 MILLION

Source text for Eikon:  ID:nCNWHDYz9a 
Further company coverage:  CIIh.V 

 (Reuters.Briefs@thomsonreuters.com)