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Chow Tai Fook Jewellery Group Ltd announces proposed acquisition of Fire Company, LLC

Wednesday, 18 Jun 2014 06:00am EDT 

Chow Tai Fook Jewellery Group Ltd:Says that together with its subsidiaries, on 17 June 2014 it has entered into a conditional agreement.The agreement with Glenn Rothman, Hearts On Fire Holdings Trust, HOF Executive LLC, HOF Employee LLC and Fine Diamonds S.A. (together the Sellers) to acquire all the equity interests held by the Sellers in Hearts On Fire Company LLC.Says the total consideration for the Proposed Acquisition is $150 million on a cash free and debt-free basis.Says the proposed Acquisition will be fully funded by the company‚Äôs internal cash resources.Says the completion of the Proposed Acquisition shall take place on the third business day following the satisfaction of the conditions to the Proposed Acquisition. 

Company Quote

-0.1 -0.89%
29 Aug 2014