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Article: Global Beverage Solutions Announces Signing of a Definitive Agreement to Acquire 80% of Rudy Beverage Group.
- Article from:
- Business Wire
- Article date:
- November 23, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TULSA, Okla. -- Global Beverage Solution Inc. (OTCBB:GBVS) announced today that it has signed the definitive stock purchase agreement to acquire 80% of Rudy Beverage Group Inc. ("RBGI").
The agreement calls for the purchase of 80% of the issued and outstanding shares of Rudy Beverage Group Inc. for 6 million restricted common shares of GBVS in a stock-for-stock exchange. In addition, the agreement has an earn-out provision for an additional 10 million shares of GBVS that are subject to certain milestones being achieved by RBGI.
Richard Clark, president of Global, stated, "We are extremely pleased with the addition of Rudy Beverage Group Inc. to our ...
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