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XBP Europe Holdings, Inc.

1.31

+0.200018.02%

Post-market: 1.310.00000.00%19:57 EST

Volume:3.34M

Turnover:4.65M

Market Cap:39.52M

PE:-2.55

High:1.74

Open:1.18

Low:1.03

Close:1.11

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News

XBP Europe Signs Non-Binding Letter of Intent to Acquire Exela Technologies BPA

MT Newswires Live

XBP Europe Holdings signs non-binding LOI to acquire Exela Technologies

XBP Europe Holdings, Inc. Signs Exclusive Non-Binding Letter of Intent to Acquire Exela Technologies Bpa, Llc

THOMSON REUTERS

XBP Europe Holdings, Inc. Signs Exclusive Non-Binding Letter of Intent to Acquire Exela Technologies BPA, LLC

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to BPA completing a corporate reorganization, which is expected to create a sustainable capital structure with a \"substantially deleveraged\" balance sheet, XBP said.If completed, the acquisition will expand XBP Europe's revenue to more than $1 billion from $145 million on a pro forma basis for the twelve months ending Sept. 30, 2024, the company said.The companies have agreed to negotiate definitive agreements, complete due diligence, undertake necessary regulatory approvals, and seek any necessary approvals, including from XBP Europe's shareholders, XBP said.XBP shares were over 5% higher in recent trading.Price: 1.17, Change: +0.06, Percent Change: 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