Pivotal and KLDiscovery Announce Extension of Agreement to November 6, 2019
(PVT)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Pivotal Acquisition Corp (NYSE: PVT, PVT.U and PVT.W) (“Pivotal”) today announced that it has entered into an amendment to the previously announced definitive agreement with KLDiscovery (“KLD”) pursuant to which the outside date to consummate the proposed merger between the two parties was extended from October 31, 2019 to November 6, 2019.Pivotal is in the process of analyzing multiple expressions of interest from several financial institutions that would be used to provide financing for both the transaction and the post-closing expansion goals of KLD. Pivotal and KLD mutually agreed to extend the outside date under the definitive agreement in order to allow the parties sufficient time to analyze such options in a deliberate manner and to ensure that the original deadline did not impede reaching an optimal agreement for Pivotal and KLD.The parties intend to continue their discussions and remain focused on completing the proposed transaction as soon as p
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