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BRIEF-Volt Information Sciences entered into settlement agreement with Newnet Communication Technologies and co's affiliate Volt Delta Resource Holdings​
November 1, 2017 / 1:21 PM / 21 days ago

BRIEF-Volt Information Sciences entered into settlement agreement with Newnet Communication Technologies and co's affiliate Volt Delta Resource Holdings​

Nov 1 (Reuters) - Volt Information Sciences Inc

* Volt Information Sciences - Entered into settlement agreement with Newnet Communication Technologies and co’s affiliate Volt Delta Resource Holdings​

* Volt Information Sciences Inc - ‍Under agreement, Newnet agreed to pay off note more than a year early for $7.5 million​

* Volt Information Sciences Inc - ‍Settlement related to company’s Dec 2014 sale of its computer systems segment, Volt Delta, to Newnet​

* Volt Information Sciences - Co agreed to settle outstanding working capital adjustment, receivables under transition services deal, indemnity claims

* Volt Information Sciences - Co and Newnet agreed to mutual release, relieving all parties of their obligations and settling minor indemnity claims​ Source text for Eikon: Further company coverage:

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