M&A
confidence high
sentiment neutral
materiality 0.65
Allied Motion acquires FPH Group and Transtar; issues 22,886 common shares and 93,728 exchangeable shares
ALLIENT INC
- Acquired FPH Group Inc. (Ontario) and Transtar International, LLC (Michigan) via Share Purchase Agreement dated May 30, 2022.
- Consideration includes 22,886 shares of Allied Motion common stock and 93,728 exchangeable shares of subsidiary ExchangeCo.
- Exchangeable shares are convertible into common stock on a 1:1 basis, subject to adjustment per Support Agreement.
- Support Agreement requires equal dividends on common and exchangeable shares and reserves common shares for conversion.
- Securities issued under Section 4(a)(2) to accredited investors for investment purposes only.