Cavitation Technologies agrees to USD 35 million cash tender offer by European Guarantee Services
CVAT•Linked Alchemy Beverages transaction
European Guarantee Services also agreed to buy all Alchemy shares for USD 7 million cash. Cavitation holds about 17% of Alchemy.
Combined cash consideration across both offers totals USD 42 million. Completion of each offer is conditioned on the other.
Tender offer for Cavitation Technologies
European Guarantee Services, a Luxembourg wealth manager, signed a tender offer agreement to buy all Cavitation Technologies common stock for USD 35 million cash.
The consideration is reduced by certain indebtedness and accrued liabilities. The offer is expected to run alongside a separate Alchemy Beverages tender.
