share_log

BRIEF-Crawford & Co says Entered Into Asset Purchase Agreement With Praxis Consulting, Inc, Game Tight, Inc. And J. Robert Ford

Reuters ·  Oct 4, 2021 22:41

Oct 4 (Reuters) - Crawford & Co CRDb.N :

* CRAWFORD & CO - ENTERED INTO ASSET PURCHASE AGREEMENT WITH PRAXIS CONSULTING, INC, GAME TIGHT, INC. AND J. ROBERT FORD

* CRAWFORD & CO - TO PURCHASE, ACQUIRE AND ASSUME FROM PRAXIS, SUBSTANTIALLY ALL OF PRAXIS&apos ASSETS, CERTAIN OF PRAXIS&apos LIABILITIES FOR $55.5 MILLION

* CRAWFORD & CO - PAYMENT IS STRUCTURED AS AN UPFRONT PAYMENT OF $45.5 MILLION IN CASH WITH $25.5 MILLION PAID AT CLOSING AND $20.0 MILLION PAID IN JANUARY 2022

* CRAWFORD & CO - PAYMENT OF REMAINING BALANCE OF $10.0 MILLION IS STRUCTURED UNDER VARIOUS EARNOUT SCENARIOS OVER A TWO-YEAR PERIOD

Source text - Further company coverage:

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment