other material
confidence high
sentiment neutral
materiality 0.35
DFIN enters agreement to sell Phoenix property for $12.5M (adj. to $12.85M)
Donnelley Financial Solutions, Inc.
- Purchase price $12.5M; increases to $12.85M if demolition completed by seller.
- Buyer HSG Acquisitions LLC must deposit $250K initial, then $250K second deposit.
- Buyer has up to 90 days after demolition notice for due diligence, can terminate for any reason.
- After notice to proceed, buyer gets 285 days to obtain entitlements for mixed-use project.
- Closing occurs 30 days after entitlements secured or entitlement period expiration, whichever earlier.