m_and_a
confidence high
sentiment neutral
materiality 0.65
Marquie Group amends GetGolf.com deal; excludes Mountain Brook Golf Course, reduces scale
Transglobal Management Group, Inc.
- Mountain Brook Golf Course removed from transaction due to inability to obtain acceptable third-party financing.
- Total purchase consideration remains $500,000: $180,000 initial + $12,500/mo for 12 months to Marc Angell, plus $12,500/mo to Jacquie Angell for promissory note.
- Seller payments recharacterized as purchase price consideration rather than compensation for services.
- Closing expected 4 days after signing; Control Shares (200 Series A Preferred) transferred to GetGolf.com designees.
- Music of Your Life, Inc. divested back to Sellers; Angell Family Trust shares returned to treasury.