PMGC Holdings (ELAB) said Wednesday it has signed a non-binding letter of intent to buy an unnamed US-based information technology custom packaging firm.
The target company has "close to 15 years of uninterrupted operations" and consistently delivered positive earnings before interest, taxes, depreciation, and amortisation performance year over year, PMGC said.
PMGC said it expects to sign a definitive agreement and close the deal before the end of Q2, subject to customary conditions.
The deal marks the launch of PMGC's previously announced acquisition strategy, the company said, adding this is the "first of several accretive acquisitions shareholders can expect in the months ahead."
Price: 2.51, Change: -0.40, Percent Change: -13.78
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.