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Revolution Lighting Technologies Inc Closes Acquisition of Relume Technologies


Thursday, 22 Aug 2013 04:41pm EDT 

Revolution Lighting Technologies Inc announced that it has closed its acquisition of Relume Technologies (Relume). As previously announced on August 12, 2103, under the terms of the agreement, Revolution Lighting paid a total purchase price of $15 million for the Relume business on a debt-free basis. Approximately $5 million of the purchase price was paid in cash with the remaining value of $10 million paid in Revolution Lighting common stock at a price of $4.59 per share. The transaction is being financed by $5 million in five-year preferred stock issued to RVL LLC, exchangeable into common stock at an exchange rate of $4.59. 

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