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BRIEF-Founders Advantage Capital signs letter of intent to acquire a 52 pct interest in Impact Communications
December 22, 2016 / 9:49 PM / a year ago

BRIEF-Founders Advantage Capital signs letter of intent to acquire a 52 pct interest in Impact Communications

Dec 22 (Reuters) - Founders Advantage Capital Corp :

* Founders Advantage Capital -entered into a letter of intent to acquire a 52 pct majority interest in impact communications a cash purchase price of $12.0 million

* Founders Advantage Capital Corp says impact will have a combined board of directors consisting of Keith Kostek and two nominees of corporation

* Founders Advantage Capital Corp says corporation intends to fund transaction primarily through available borrowings under its existing credit facility

* Founders Advantage Capital Corp. announces third acquisition - signs letter of intent to acquire a 52 pct interest in Impact Communications Source text for Eikon: Further company coverage:

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