VOXX International Corporation Announces Definitive Agreement To Sell Its German Accessories Business To HF Company For Approximately $19.0 Million
VOXX International Corporation - Class A (VOXX)
Last voxx international corporation - class a earnings: 7/10 04:05 pm
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US:NASDAQ Investor Relations:
investors.voxxintl.com/investor-relations
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Source: PR Newswire
ORLANDO, Fla., June 12, 2019 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for global markets, today announced that it has reached a definitive agreement to sell VOXX German Accessory Holdings GmbH, which comprises the operations of Oehlbach Kabel GmbH ("Oehlbach") and Schwaiger GmbH ("Schwaiger"), to HF Company (HF:FP HF Co). Under the terms of the Stock Purchase Agreement ("SPA"), HF Company will acquire VOXX German Accessory Holdings GmbH for an enterprise value of approximately 17.3 million Euro, less inventory adjustments of approximately 0.6 million Euro. Based on the current Euro to US dollar conversion (1 Euro = $1.1314), this equates to approximately $19.0 million. The final purchase price is subject to further net cash and working capital adjustments. A condition precedent to the closing is the entry by the parties into an Option Agreement granting HF Company the right to purchase
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News
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: VOXX International Corporation (Nasdaq – VOXX), Penns Woods Bancorp, Inc. (Nasdaq – PWOD), Staffing 360 Solutions, Inc. (Nasdaq – STAF), Adams Resources & Energy, IncGlobeNewswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates VOXX and ZUO on Behalf of ShareholdersGlobeNewswire
- Bluetooth Speaker Market Insights 2024-2029: Europe Leads the $36.06 Billion Industry, Escalating Demand for Wireless Audio Solutions [Yahoo! Finance]Yahoo! Finance
- $HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of VOXX International Corporation - VOXXPR Newswire
- Shareholder Alert: Ademi LLP Investigates Whether VOXX International Corporation Is Obtaining a Fair Price for Its Public ShareholdersBusiness Wire
VOXX
Sec Filings
- 12/19/24 - Form DEFA14A
- 12/18/24 - Form SCHEDULE
- 12/18/24 - Form 8-K
- VOXX's page on the SEC website