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Article: Germany1 Inks Deal to Buy AEG Power Solutions
- Article from:
- Wireless News
- Article date:
- July 29, 2009
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Wireless News
07-29-2009
Germany1 Inks Deal to Buy AEG Power Solutions
Type: News
Germany1 Acquisition Limited, a special purpose acquisition company ("SPAC"), has signed an agreement to acquire 100 percent of the shares of AEG Power Solutions B.V. ("AEG PS") for cash and shares assuming an enterprise value of EUR532 million.
The base consideration payable to the sellers consists of (i) EUR200 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 EUR50 million based on the ...