Monday, September 26, 2016 7:55:39 PM
Western Realty, Inc. to Acquire Control of Vital Products, Inc.
Press Release: Monday, July 11, 2016
Baltimore, MD--Western Realty, Inc. (“Western”) is pleased to announced the acquisition of control of Vital Products, Inc. (“Vital”) (VTPI).
Western and Vital jointly announced today that they have entered into a definitive agreement and plan of merger and reorganization (the “Agreement”). Under the terms of the Agreement, which has been approved by the boards of directors of both companies, Western will acquire a controlling position of the outstanding shares of Vital in a cash and stock transaction.
Western Realty is a private Maryland Company currently forming a REIT. Western intends to merge with Vital to become a publicly traded REIT. The acquisition is anticipated to close within 90 days.
About Western Realty
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