BRIEF-Laird to acquire Nextreme Thermal Solutions

LONDON Wed Feb 13, 2013 9:58am EST

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LONDON Feb 13 (Reuters) - Laird PLC : * Acquisition of Nextreme Thermal Solutions Inc * Will acquire 100% of the equity of Nextreme for a cash cost of $1 * Deal includes potential cash earn-out payments based on a multiple of 0.4

times revenue over a four year period from 2014 * Earn-out capped at $60 million if $150 million in revenue is achieved * Source text

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