Callan Power terminates asset purchase agreement with Pfanenstiel Company
CJMB•Callan Power LLC terminated its asset purchase agreement with Pfanenstiel Company. The parties may continue to evaluate a future transaction on different terms, and Callan JMB said it will no longer need to raise additional capital to complete the acquisition.
1. Agreement terminated
Callan Power LLC terminated its asset purchase agreement with Pfanenstiel Company, according to an SEC filing. The parties may continue to evaluate a potential future transaction on different terms.
2. Capital plans
Callan JMB said it will no longer need to raise additional capital to consummate the acquisition.
