Seeking Alpha - PURA in management takeover deal with PAO Group
July 17 2020 - 9:11AM
InvestorsHub NewsWire
July 17, 2020 -- InvestorsHub NewsWire -- via SA News
Editor
Puration (OTCPK:PURA -4.8%) confirmed its plans of a management
takeover of PAO Group (OTCPK:PAOG +22.2%) in
order to revitalize its medical cannabis
strategy.
PURA is now
unwinding the
NOUV transaction and moving forward with PAOG in a deal
structured to include a dividend distribution of PAOG stock to PURA
shareholders.
PURA and PAOG
transaction is expected to be executed by July
end.
PAOG also seeks to
acquire NCM Biotech from Kali-Extracts (OTCPK:KALY -5.6%)
Source: https://seekingalpha.com/news/3591547-pura-in-management-takeover-deal-pao-group
SOURCE: SA News Editor
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