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QEP Co Inc Announces Bid To Acquire Harper Brush Works


Monday, 15 Oct 2012 04:15pm EDT 

QEP Co Inc announced it has executed an asset purchase agreement ("APA") with Harper Brush Works, Inc. ("Harper Brush") as an initial "stalking horse bid" for substantially all of the assets of Harper Brush. Under the APA, the Company would acquire all of Harper Brush's real estate, inventory, intellectual property and other assets for approximately $2.2 million. The auction is to be held in case other potential buyers present proposals and is expected to occur over the next 45 days. Closing of the transactions contemplated under the APA is subject to the satisfaction of customary closing conditions and to court approval, which may not occur. 

Company Quote

18.61
-0.38 -2.00%
12:28pm EDT