Long Run has entered into an agreement with a group of investors based in China to be acquired for a total purchase price of $770 mm. The purchase price includes $0.52 per share for the Company’s ~193 mm outstanding common shares, redemption of the Company’s $75 mm face value convertible debentures at $750 per $1,000 of principal amount, and the assumption of Long Run’s bank debt, which stood at ~$600 mm exiting 3Q15.
22 Dec 2015
Long Run Exploration to be Acquired for Total Consideration of $770 mm
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Long Run Exploration to be Acquired for Total Consideration of $770 mm
Lar Espana Real Estate SOCIMI SA (0QRL:LON) | 0 0 0.0%
- Published:
22 Dec 2015 -
Author:
Michael Hearn -
Pages:
7
Long Run has entered into an agreement with a group of investors based in China to be acquired for a total purchase price of $770 mm. The purchase price includes $0.52 per share for the Company’s ~193 mm outstanding common shares, redemption of the Company’s $75 mm face value convertible debentures at $750 per $1,000 of principal amount, and the assumption of Long Run’s bank debt, which stood at ~$600 mm exiting 3Q15.