December 18, 2017 / 1:21 PM / a month ago

BRIEF-Moduslink Announces Acquisition Of Iwco Direct For $476 Mln In Cash

Dec 18 (Reuters) - Moduslink Global Solutions Inc:

* MODUSLINK ANNOUNCES ACQUISITION OF IWCO DIRECT FOR $476 MILLION IN CASH

* MODUSLINK GLOBAL SOLUTIONS INC - ‍WITH TRANSACTION COMPLETED, IWCO DIRECT BECOMES A WHOLLY-OWNED SUBSIDIARY OF MODUSLINK GLOBAL SOLUTIONS​

* MODUSLINK GLOBAL -STEEL PARTNERS HOLDINGS INCREASED ITS INVESTMENT IN CO THROUGH ITS AFFILIATE WITH A $35.0 MILLION CONVERTIBLE PREFERRED STOCK INVESTMENT​

* MODUSLINK GLOBAL SOLUTIONS INC - ‍ STEEL PARTNERS HOLDINGS TOGETHER WITH ITS AFFILIATES HAVE BENEFICIAL OWNERSHIP IN MODUSLINK OF APPROXIMATELY 52 PERCENT​

* MODUSLINK GLOBAL SOLUTIONS - JACK HOWARD, AND WILLIAM FEJES, JR TO JOIN CO‘S BOARD, EXPANDING BOARD TO SEVEN MEMBERS AND FILLING ONE EXISTING VACANCY​ Source text for Eikon: Further company coverage:

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