EACO CORP (EACO): M&A transaction — EACO completes $31M purchase of Anaheim property from CEO's trust

EACO CORP

Closed $31M cash purchase of real property at 5037/5065 East Hunter Ave, Anaheim, CA from trust of CEO Glen Ceiley.
Transaction previously disclosed in 8-K on Oct 6, 2023; closing occurred Oct 20, 2023.
Related-party transaction: seller trust is beneficially owned and controlled by CEO Glen Ceiley.
Purchase price funded through escrow; no other terms of financing disclosed.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

EACO CORP completed an acquisition involving Glen F. Ceiley and Barbara A. Ceiley Revocable Trust for $31,000,000 in cash (closed 2023-10-20).

Action: acquisition
Counterparty: Glen F. Ceiley and Barbara A. Ceiley Revocable Trust
Consideration: $31,000,000 in cash
Closing: 2023-10-20

Exact text from the filing

On October 20, 2023, the closing of the Property Purchase occurred, and the Company released the purchase price of $31,000,000 through an escrow process.

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Source: SEC EDGAR

accession 0001104659-23-114144

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