April 4, 2018 / 2:16 PM / 21 days ago

BRIEF-Nutritional Holdings Announces ‍Cancellation Of Agreement Regarding Acquisition Of Velani Strategic Solutions Proprietary Ltd

April 4 (Reuters) - Nutritional Holdings Ltd:

* ‍CANCELLATION OF AGREEMENT REGARDING ACQUISITION OF VELANI STRATEGIC SOLUTIONS PROPRIETARY LIMITED (VSS)​

* ‍AGREED THAT ACHIEVEMENT BY VSS OF “PROFIT WARRANTY” CONTAINED IN AGREEMENT IS HIGHLY UNLIKELY​

* CO AND ONTARIO HAVE AGREED BY MUTUAL CONSENT TO CANCEL ACQUISITION AGREEMENT​

* ‍CANCELLATION WILL PLACE BOTH PARTIES BACK INTO SAME FINANCIAL POSITION THEY WERE PRIOR TO SIGNING AGREEMENT​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below