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BRIEF-MagneGas executes letter of intent to acquire San Diego industrial gas distributor that generates over $1 million of annualized revenue
September 27, 2017 / 11:13 AM / 3 months ago

BRIEF-MagneGas executes letter of intent to acquire San Diego industrial gas distributor that generates over $1 million of annualized revenue

Sept 27 (Reuters) - MagneGas Corp

* MagneGas executes letter of intent to acquire San Diego industrial gas distributor that generates over $1 million of annualized revenue

* MagneGas Corp - ‍upfront cash consideration for transaction is $750,000​

* MagneGas Corp - ‍acquisition would represent a 28% increase in MagneGas revenues compared to company’s 2016 revenues​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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