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Hasco Medical Inc Completes Acquisition Of Auto Mobility Sales, Inc-Form 8-K


Thursday, 5 Sep 2013 01:04pm EDT 

Hasco Medical Inc reported in its Form 8-K that On September 4, 2013 the Company completed the acquisition of all of the outstanding capital stock of Auto Mobility Sales, Inc., a closely-held Delaware corporation (Auto Mobility). Pursuant to the terms and conditions of the Stock Purchase Agreement (the Agreement), HASCO paid the selling shareholders of Auto Mobility a total consideration of $950,000, as follows: $600,000 in cash, and Two Promissory Notes aggregating $350,000, bearing 5% simple interest, principle and interest payable monthly over 5 years. Founded in 2007, Auto Mobility is a supplier of mobility vehicles and products in southeast Florida. 

Company Quote

0.032
0.0020 +6.67%
21 Aug 2014