29.04.2014 21:56:10
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Gepco To Acquire Peter Marco
(RTTNews) - Gepco, Ltd. (GEPC) said Tuesday that it has signed a letter of intent with Peter Marco, LLC to acquire 100% of its outstanding equity interests, which are owned by Peter Voutsas, Gepco's CEO.
The purchase price shall be payable in cash, Gepco stock, and a purchase money note in amounts based upon good faith negotiation after receipt of a third party appraisal.
The closing of the deal is expected to occur in late July.
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