Compass Diversified Holdings

-0.35 (-1.15%)
Debt Financing / Related, Divestitures / Spin-offs, Exchange Changes

Compass Diversified Holdings Announces Sale Of Advanced Circuits

Published: 10/14/2021 13:00 GMT
Compass Diversified Holdings (CODI) - Compass Diversified Announces Sale of Advanced Circuits.compass Diversified Holdings - Codi and Other Selling Shareholders Will Receive Consideration in Amount of $310 Million.compass Diversified Holdings - Codi and Other Selling Shareholders May Receive $30 Million in Additional Tempo Common Stock Within Five Years.compass Diversified Holdings - Anticipates Proceeds Will Be Used to Repay All Or a Portion of Outstanding Revolver Borrowings.compass Diversified Holdings - Deal Vaue Composed of $240 Million in Cash and $70 Million in Tempo Common Stock.compass Diversified - Tempo Automation Has Announced Entry Into a Definitive Merger Agreement for a Combination With Ace Convergence Acquisition Corp.compass Diversified Holdings - to Sell Majority Owned Subsidiary, Compass Ac Holdings Inc to Tempo Automation Inc.compass Diversified Holdings - Combined Operating Entity, Post Deal, Will Be Renamed "tempo Automation Holdings Inc.".compass Diversified Holdings - Shares of Combined Operating Entity Expected to Trade on Nasdaq Under Ticker Symbol "tmpo.