Verus International Inc (VRUS)

[sello]

They say nothing has changed. Both mergers still in play. Seems everything is riding on the recapitalization.

"Verus can confirm that it is in very late stage discussions with two M&A candidates, one that would represent a line extension into existing markets; and a second that would create significant vertical integration opportunities and new facilities on two continents."

"Investors have asked about the timing of M&A at Verus? In our Q3 earnings release, we referenced two late-stage candidates. Following our recapitalization, we expect to quickly complete the first M&A deal, so nothing has changed in our M&A strategy. Expect something soon."

"Another question we are getting is how large are these M&A candidates? We can’t discuss the size now, but we can say that we will not stray from our focus on consumer products. Scale brings shelf space in this business, so we are targeting firms that already have a footprint."