Commercial Vehicle Group, Inc. (CVGI): M&A transaction — CVG closes sale of Kings Mountain structured-products business to SVO for $40M; $20M deferred to Oct 1

Commercial Vehicle Group, Inc.

Closed on September 6, 2024; buyer paid $20M of the $40M Purchase Price at closing.
Remaining $20M deferred payment and transfer of employees and Assigned Contracts on October 1, 2024.
Inventory revalued as of October 1 for potential Purchase Price adjustment.
Transition Services Agreement signed for temporary operational support post-closing.

item 1.01 item 2.01 item 9.01

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

Commercial Vehicle Group, Inc. completed a disposition involving SVO, LLC for $40 million (closed 2024-09-06).

Action: disposition
Counterparty: SVO, LLC
Consideration: $40 million
Closing: 2024-09-06

Exact text from the filing

to as the “Transaction.” Pursuant to the terms of the Purchase Agreement, the aggregate consideration to be paid by Buyer to Seller in connection with the Transaction is $40 million, subject to adjustment for any variance of the actual value of inventory at closing from the estimated inventory value (the “Purchase Price”). On September 6, 2024, the Seller

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Commercial Vehicle Group, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-24-040038

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