NewAge Inc

NASDAQ:NBEV   12:07:47 PM EDT
2.47
+0.06 (+2.49%)
Other Pre-Announcement, Mergers / Acquisitions

NewAge, Ariix Update Merger Agreement

Published: 10/01/2020 21:03 GMT
New Age Beverages Corp (NBEV) - Newage and Ariix Update Merger Agreement.
Newage Inc - Amended Merger Agreement for Acquisition of Ariix, Expects to Close Transaction No Later Than November 30, 2020.
Newage Inc - Expects to Capture About $20 Million in Additional Annualized EBITDA in First 18 Months Following Closing.
Newage Inc - Has Already Identified More Than $10 Million in Annualized Synergies to Be Implemented This Year From Combined Group.