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CrazyKar123

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CrazyKar123

Re: vieuxcarre post# 26

Sunday, 09/01/2019 3:57:38 PM

Sunday, September 01, 2019 3:57:38 PM

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Sales of its Fiber Solutions segment to Motus Integrated Technologies for approximately $85 million. The sale price includes up to $5 million of consideration contingent on achievement of certain performance conditions during 2019. The Company expects to use the net proceeds from the sale transaction to reinvest in its remaining businesses or retire debt.


Contingent consideration is an obligation of the acquiring entity to transfer additional assets or equity interests to the former owners of an acquiree. The amount of this consideration can be significant, depending on the subsequent performance of the acquiree

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