M&A
confidence high
sentiment positive
materiality 0.75
Sentient Brands to acquire AIG-F&B in share-exchange deal; expected close by Nov 1, 2024
SENTIENT BRANDS HOLDINGS INC.
- Acquisition of AIG-F&B, Inc. via share exchange with earnout schedule; AIG to become wholly owned subsidiary.
- Transaction expected to close on or before November 1, 2024.
- AIG Group operates 8 factories and 170 distributors across 22 countries; holds Organic and Kosher certifications.
- Management describes transaction as transformative, highly synergistic, and accretive to shareholders.
- AIG plans to launch global vertically-integrated food & beverage manufacturing and distribution business.