Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

analyze deal rationale identify factor affecting M&As On 15/01/20 Mr Kiran Sidhu, CEO and Co-Founder of Halo, sald Un 25/11/19 It was stated that Halo

analyze deal rationale identify factor affecting M&As image text in transcribed

On 15/01/20 Mr Kiran Sidhu, CEO and Co-Founder of Halo, sald Un 25/11/19 It was stated that Halo Lads Inc. Will enter into an option to "Obtaining a Type N manufacturing license in California for the acquire Outer Galactic Chocolates LLC (OGC), a Uklah, California-based production of Infused and edible products is a step in diversifying cannabis-Infused chocolates manufacturer, on closing of its planned Halo's product offering in this growth category. Not only are we acquisition of Mendo Distribution and Transportation LLC. Halo Intends to building new lines around award winning expertise in OGC, we will issue shares in consideration for Outer Galactic. No further detalls were support expanded distribution of OGC-branded chocolates to Southern disclosed. California. We look forward to expanding our product offering In On 09/01/20 it was stated that the option has now been granted to Halo California, one of the world's largest cannabis markets and bringing Labs, as the acquisition of Mendo has completed. No further detalls high-end and value-driven edibles to consumers." were disclosed. On 15/01/20 it was announced that Halo has exercised its option to acquire Outer Galactic. Halo will issue USD 500,000 worth of its common shares as consideration, representing approximately 1,982,979 shares priced at USD 0.252 (CAD 0.329) each. 25 per cent of the consideration will be paid on closing of the transaction, with the remaining 75 per cent paid in equal monthly Installments over 12 months. Based on Halo's enlarged 368,367,932 share capital, the shares to be issued represent a 0.538 per cent stake. The deal is subject to the satisfaction of customary closing conditions. No further details were disclosed. On 04/08/20 It was announced that Halo Labs has completed the acquisition of Outer Galactic Chocolates from founder Mr Jeff Stewart. No further details were disclosed. The acquisition is a result of the Rwandan Goverment's plan to move on 30706708 It was announced that cau International Luo, a UK-based out of business. tea wholesaler, has purchased a 35 per cent stake in Pfunda Tea Estate, a Rwanda-based tea manufacturer, after LAB International paid RWF 364 million (USD 668,906) to the Rwandan Goverment. In 2004, LAB International acquired a 55 per cent stake in Pfunda for USD 1,000,000. Following the deal, LAB's stake has increased from 55 per cent to 90 per cent. The disposal is part of SATS' rationalisation. on 28/09/12 it was announced that Country Foods Pte Ltd (CF), a wholly- owned subsidiary of SATS Ltd, has entered into a sale and purchase agreement with Good View Fruits Co., Ltd to sell its entire 51 per cent equity Interest in Country Foods Macau, Ltd (CFM), a Macau-based food manufacturer, for a total consideration of MOP 4.08 million. The transaction has been completed on 28/09/12. Indonesia is rich in marine resources, thus the acquisition of IAFI would enable ASFI to better plan production schedules and sales strategy to tap additional export markets around the globe. On 08/02/12 it was announced that Allance Select Foods International Inc. (ASFI) is going to acquire a further 500,000 shares, representing a 10 per cent stake in its subsidiary, PT International Alliance Food Indonesia (IAFI), a Madidir, Indonesia-based tuna canning services provider, at the price of USD 1 per share valuing the consideration at USD 500,000 from PT Wallan Pratama. Upon completion, ASFI will Increase its ownership in IAFI from 89.98 per cent to 99.98 per cent. The acquisition is subject to the Capital Market and Financial Institution Supervisory Board and Department of Law and Human Rights' approvals. On 07/05/12 It was announced that the acquisition has been completed. On 14/04/16 Mr Yat Hol Ning, Executive Chairman of Asa sald: "This On 14/04/16 it was announced that ASA Resource Group plc acquired a acquisition transaction provides a great opportunity for the Group to 62 per cent stake in Kanhyhm Procurement (Pty) Ltd, a South Africa- enter into the local slaughtering and meat processing market in South based animal slaughtering services holding company for a total of ZAR Africa. The transaction optimises the business scope and enhances 6.2 million in cash. Kanhyhm Procurement holds KEPL Slaughterhouse the Asa Group as a whole." business in South Africa. The remaining 38 per cent stake will be acquired by Vital Profit Group Ltd in a separate transaction. The transaction will help the company to expand its China market. On 08/11/11 it was announced that Viz Branz Ltd has agreed to acquire 100 per cent interest in Goldwaves Food (Shanghal) Co., Ltd, a Shanghal, China-based coffee manufacturer, from Coffex Coffee (S) Pte Ltd. The considerationis SGD 550,000 in cash. The transaction is subject to the approval of local authorities of China. On 19/12/11 It was announced that the transaction has been completed on 16/12/11 On 15/01/20 Mr Kiran Sidhu, CEO and Co-Founder of Halo, sald Un 25/11/19 It was stated that Halo Lads Inc. Will enter into an option to "Obtaining a Type N manufacturing license in California for the acquire Outer Galactic Chocolates LLC (OGC), a Uklah, California-based production of Infused and edible products is a step in diversifying cannabis-Infused chocolates manufacturer, on closing of its planned Halo's product offering in this growth category. Not only are we acquisition of Mendo Distribution and Transportation LLC. Halo Intends to building new lines around award winning expertise in OGC, we will issue shares in consideration for Outer Galactic. No further detalls were support expanded distribution of OGC-branded chocolates to Southern disclosed. California. We look forward to expanding our product offering In On 09/01/20 it was stated that the option has now been granted to Halo California, one of the world's largest cannabis markets and bringing Labs, as the acquisition of Mendo has completed. No further detalls high-end and value-driven edibles to consumers." were disclosed. On 15/01/20 it was announced that Halo has exercised its option to acquire Outer Galactic. Halo will issue USD 500,000 worth of its common shares as consideration, representing approximately 1,982,979 shares priced at USD 0.252 (CAD 0.329) each. 25 per cent of the consideration will be paid on closing of the transaction, with the remaining 75 per cent paid in equal monthly Installments over 12 months. Based on Halo's enlarged 368,367,932 share capital, the shares to be issued represent a 0.538 per cent stake. The deal is subject to the satisfaction of customary closing conditions. No further details were disclosed. On 04/08/20 It was announced that Halo Labs has completed the acquisition of Outer Galactic Chocolates from founder Mr Jeff Stewart. No further details were disclosed. The acquisition is a result of the Rwandan Goverment's plan to move on 30706708 It was announced that cau International Luo, a UK-based out of business. tea wholesaler, has purchased a 35 per cent stake in Pfunda Tea Estate, a Rwanda-based tea manufacturer, after LAB International paid RWF 364 million (USD 668,906) to the Rwandan Goverment. In 2004, LAB International acquired a 55 per cent stake in Pfunda for USD 1,000,000. Following the deal, LAB's stake has increased from 55 per cent to 90 per cent. The disposal is part of SATS' rationalisation. on 28/09/12 it was announced that Country Foods Pte Ltd (CF), a wholly- owned subsidiary of SATS Ltd, has entered into a sale and purchase agreement with Good View Fruits Co., Ltd to sell its entire 51 per cent equity Interest in Country Foods Macau, Ltd (CFM), a Macau-based food manufacturer, for a total consideration of MOP 4.08 million. The transaction has been completed on 28/09/12. Indonesia is rich in marine resources, thus the acquisition of IAFI would enable ASFI to better plan production schedules and sales strategy to tap additional export markets around the globe. On 08/02/12 it was announced that Allance Select Foods International Inc. (ASFI) is going to acquire a further 500,000 shares, representing a 10 per cent stake in its subsidiary, PT International Alliance Food Indonesia (IAFI), a Madidir, Indonesia-based tuna canning services provider, at the price of USD 1 per share valuing the consideration at USD 500,000 from PT Wallan Pratama. Upon completion, ASFI will Increase its ownership in IAFI from 89.98 per cent to 99.98 per cent. The acquisition is subject to the Capital Market and Financial Institution Supervisory Board and Department of Law and Human Rights' approvals. On 07/05/12 It was announced that the acquisition has been completed. On 14/04/16 Mr Yat Hol Ning, Executive Chairman of Asa sald: "This On 14/04/16 it was announced that ASA Resource Group plc acquired a acquisition transaction provides a great opportunity for the Group to 62 per cent stake in Kanhyhm Procurement (Pty) Ltd, a South Africa- enter into the local slaughtering and meat processing market in South based animal slaughtering services holding company for a total of ZAR Africa. The transaction optimises the business scope and enhances 6.2 million in cash. Kanhyhm Procurement holds KEPL Slaughterhouse the Asa Group as a whole." business in South Africa. The remaining 38 per cent stake will be acquired by Vital Profit Group Ltd in a separate transaction. The transaction will help the company to expand its China market. On 08/11/11 it was announced that Viz Branz Ltd has agreed to acquire 100 per cent interest in Goldwaves Food (Shanghal) Co., Ltd, a Shanghal, China-based coffee manufacturer, from Coffex Coffee (S) Pte Ltd. The considerationis SGD 550,000 in cash. The transaction is subject to the approval of local authorities of China. On 19/12/11 It was announced that the transaction has been completed on 16/12/11

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Derivatives Markets

Authors: Robert McDonald

3rd Edition

978-9332536746, 9789332536746

More Books

Students also viewed these Finance questions

Question

What lessons of integration can you learn from this case study?

Answered: 1 week ago