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Aetrium acquires KBS Building Systems


Thursday, 3 Apr 2014 04:05pm EDT 

Aetrium Inc:Acquires substantially all of assets of KBS Building Systems, Inc. and certain of affiliated entities.Consideration for acquisition included $5 mln in cash, a $5.5 mln six-month promissory note made by a wholly-owned subsidiary of Aetrium, assumption.Payoff of about $1.4 mln in debt, and the assumption of certain other liabilities related to the purchased assets.Acquisition was financed by $6.5 mln in loans from Lone Star Value Investors, LP, an investment fund managed by Eberwein. 

Company Quote

4.1036
0.2337 +6.04%
28 May 2015