Maison Solutions Expands into Arizona with Acquisition of Three-Store Lee Lee International Supermarkets Chain [Yahoo! Finance]
Maison Solutions Inc. (MSS)
Company Research
Source: Yahoo! Finance
MONTEREY PARK, CA / ACCESSWIRE / April 10, 2024 / Maison Solutions Inc. ("Maison Solutions" or the "Company"), (NASDAQ:MSS), a U.S.-based specialty grocery retailer offering traditional Asian and international food and merchandise, today announced the acquisition of Lee Lee Oriental Supermart, Inc., a three-store supermarket chain operating under the name, Lee Lee International Supermarkets, in the greater Phoenix and Tucson metro areas. The Company acquired Lee Lee International Supermarkets through AZLL, LLC, an Arizona limited liability company and the Company's wholly-owned subsidiary. The purchase price of $22.2 million will be paid over a 10-month period and includes $7.0 million in cash paid immediately at closing on April 8, 2024, with the rest paid through a secured note agreement. "This transaction demonstrates our strategy of expanding by acquisition in geographic locations with large and growing Asian and ethnic populations," said John Xu, President and Chief Executiv
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News
- Maison Solutions Releases Post-Acquisition Webinar Detailing Recent Expansion into ArizonaAccesswire
- MAISON ALERT: Bragar Eagel & Squire, P.C. is Investigating Maison Solutions Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Maison Solutions to Share Additional Details Regarding Expansion into Arizona on Friday, April 19, 2024 at 11:00 a.m. ET [Yahoo! Finance]Yahoo! Finance
- Maison Solutions to Share Additional Details Regarding Expansion into Arizona on Friday, April 19, 2024 at 11:00 a.m. ETAccesswire
- Maison Solutions Expands into Arizona with Acquisition of Three-Store Lee Lee International Supermarkets ChainAccesswire
MSS
Sec Filings
- 4/22/24 - Form 8-K
- 4/19/24 - Form 8-K
- 4/15/24 - Form 8-K
- MSS's page on the SEC website