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Article: Germany1 to Acquire AEG Power Solutions.
- Article from:
- Business Wire
- Article date:
- July 23, 2009
CopyrightCOPYRIGHT 2009 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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GUERNSEY -- Germany1 Acquisition Limited (Euronext: GAL1S, "Germany1"), a special purpose acquisition company ("SPAC"), has signed an agreement to acquire 100% of the shares of AEG Power Solutions B.V. ("AEG PS") for cash and shares assuming an enterprise value of [euro]532 million.
The base consideration payable to the sellers consists of (i) [euro]200 million in cash and (ii) 19,208,955 registered convertible shares in Germany1. The consideration will be adjusted to account for closing date net cash and working capital and is also subject to an earn-out in cash and convertible shares of Germany1 valued at up to [euro]50 million based on the achievement of ...