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Provider : Thomson Reuters Stock Report
$25.00
Provider : Reuters Investment Profile
$20.00
Provider : Octagon Capital Corp.
$35.00
Provider : Octagon Capital Corp.
$104.00

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Smart Employee Benefits Inc To Acquire Antian Professional Services Of Ottawa


Monday, 7 Oct 2013 03:17pm EDT 

Smart Employee Benefits Inc announced that SEB has agreed via a Letter of Intent (LOI) to acquire Antian Professional Services Inc. (Antian). Board approval has been received and due diligence has been completed. Closing documentation is in process with closing imminent. The transaction terms are as follows: The total value of the Antian transaction is targeted at $850,000 subject to working capital adjustments at the Time of Closing. Per the terms, Antian shareholders will receive the following: Cash: $450,000; Vendor Take Back (VTB) - $400,000 paying interest at an annualized rate of 3% with annual principal repayments over a 5 year period. This Vendor Take Back is convertible into SEB shares at any time at a value of $0.75 per SEB share during the term of the VTB. 

Company Quote

0.45
-0.015 -3.23%
1 Sep 2015