Reuters logo
BRIEF-New Age Beverages to buy assets from Marley Beverage Co
March 29, 2017 / 9:30 PM / 8 months ago

BRIEF-New Age Beverages to buy assets from Marley Beverage Co

March 29 (Reuters) - New Age Beverages Corp

* New Age Beverages Corp - on March 23, entered asset purchase agreement whereby co agreed to acquire substantially all of operating assets of Marley Beverage Co

* New Age Beverages Corp - will receive assets in exchange for a purchase price of 2.85 million shares of company’s common stock, among other things

* New Age Beverages Corp - to receive assets also for cash equal to 150,000 times average of closing price of co’s stock on 10 trading days before closing date

* New Age Beverages Corp - to receive assets also for earn out payment of $1.3 million in cash under certain conditions Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
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