Crawford & Co. - Ordinary Shares - Class B

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Mergers / Acquisitions

Crawford & Co says Entered Into Asset Purchase Agreement With Praxis Consulting, Inc, Game Tight, Inc. And J. Robert Ford

Published: 10/04/2021 14:47 GMT
(CRD.B) - Crawford & Co - Entered Into Asset Purchase Agreement With Praxis Consulting, Inc, Game Tight, Inc. and J. Robert Ford.
Crawford & Co - to Purchase, Acquire and Assume From Praxis, Substantially All of Praxis' Assets, Certain of Praxis' Liabilities for $55.5 Million.
Crawford & Co - Payment is Structured As an Upfront Payment of $45.5 Million in Cash With $25.5 Million Paid at Closing and $20.0 Million Paid in January 2022.
Crawford & Co - Payment of Remaining Balance of $10.0 Million is Structured Under Various Earnout Scenarios Over a Two-year Period.