Replies to post #62 on Blonder Tongue Laboratories Inc (BDRL)

[TheFinalCD]

Termination of a Material Definitive Agreement.


BDR
On May 29, 2018, Blonder Tongue Laboratories, Inc. (the “ Company ”) received notice from Mountainblue Jake Brown Realty LLC (“ Mountainblue ”) that Mountainblue was exercising its right to terminate the previously-announced Agreement of Sale (the “ Sale Agreement ”) between the parties, pursuant to which (i) the Company had agreed to sell and Mountainblue had agreed to buy the Company’s Old Bridge, New Jersey facility (the “ Old Bridge Facility ”) and (ii) the Company was to lease back a portion of the Old Bridge Facility for an initial term of five years with an option to renew such lease for an additional five years. The Company previously disclosed the execution of the Sale Agreement in its Current Report on Form 8-K filed March 16, 2018, and the description of the material terms of the Sale Agreement included in such Current Report on Form 8-K are incorporated herein by reference. The Company intends to continue to pursue the sale of its Old Bridge Facility in a transaction that may be structured as a sale/leaseback transaction or an outright sale transaction.
https://ih.advfn.com/p.php?pid=nmona&article=77588565