Edition:
United States

Magnegas executes Letter of Intent to acquire Louisiana & Texas industrial gas distributor


Tuesday, 3 Oct 2017 07:00am EDT 

Oct 3 (Reuters) - Magnegas Corp : :Magnegas executes Letter of Intent to acquire Louisiana & Texas industrial gas distributor that generates over $1.6 million of annualized revenue.Magnegas Corp - ‍deal inculde upfront cash consideration for transaction is $2 million, plus an additional $1 million in Magnegas common stock​.Magnegas Corp - co see this as highly accretive transaction that will impact top line growth and bottom line profitability in 2018 and beyond.