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Mergers / Acquisitions

Steel Excel Inc Says A Wholly Owned Subsidiary Of Steel Partners Holdings L.P. To Acquire Igo Inc At $5.50 Per Common Share

Published: 01/07/2022 22:37 GMT
(IGOI) - Steel Excel Inc., a Wholly Owned Subsidiary of Steel Partners Holdings Lp, to Acquire Igo, Inc. at $5.50 per Common Share.
Igo Inc. - Following Acquisition of Shares Pursuant to Stock Purchase Agreements, Steel Excel Will Own More Than 90% of Igo's Outstanding Shares.
Igo, Inc. - Steel Excel Expects to Merge With Igo on Jan 14, 2022 Without a Vote Or Meeting of Igo's Stockholders Pursuant to a Short-form Merger.
Igo - Upon Completion of Merger, Igo Will Become Indirect Wholly Owned Unit of Steel Excel, Igo Common Stock Will No Longer Be Traded on Otc Markets.