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0.0140449438202248 0.0168539325842697 0.0280898876404495 0.0224719101123596 0.0365168539325844 0.0814606741573034 0.0842696629213484 0.0898876404494383
Stockreport

VOXX International Corporation Announces Definitive Agreement To Sell Its German Accessories Business To HF Company For Approximately $19.0 Million

VOXX Intl Corp (VOXX)  More Company Research Source: PR Newswire
Last voxx intl corp earnings: 7/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.voxxintl.com/investor-relations
PDF ORLANDO, Fla., June 12, 2019 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for global markets, today announced that it has reached a definitive agreement to sell VOXX German Accessory Holdings GmbH, which comprises the operations of Oehlbach Kabel GmbH ("Oehlbach") and Schwaiger GmbH ("Schwaiger"), to HF Company (HF:FP HF Co). Under the terms of the Stock Purchase Agreement ("SPA"), HF Company will acquire VOXX German Accessory Holdings GmbH for an enterprise value of approximately 17.3 million Euro, less inventory adjustments of approximately 0.6 million Euro. Based on the current Euro to US dollar conversion (1 Euro = $1.1314), this equates to approximately $19.0 million. The final purchase price is subject to further net cash and working capital adjustments. A condition precedent to the closing is the entry by the parties into an Option Agreement granting HF Company the right to purchase [Read more]

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