VOXX International Corp - Ordinary Shares - Class A

NASDAQ:VOXX   3:59:59 PM EDT
11.19
+0.89 (+8.64%)
Products, Mergers / Acquisitions

Voxx International Corp's Subsidiary, Premium Audio Company LLC To Acquire The Audio, Video Business Of Onkyo Home Entertainment Corp

Published: 06/28/2021 13:14 GMT
VOXX International Corp - Ordinary Shares - Class A (VOXX) - Voxx International Corporation's Subsidiary, Premium Audio Company, Llc, Enters Into Joint Venture Agreement With Sharp Corporation; Joint Venture to Acquire the Audio/video Business of Onkyo Home Entertainment Corporation.
Voxx International - Total Purchase Price for Deal is $30.8 Million.
Voxx International Corp - Premium Audio Company Will Own Approximately 75% and Sharp Will Own Approximately 25% of Jv.
Voxx International Corp - Premium Audio Company Will Handle Distribution Worldwide and Be Responsible for All Sales and Marketing Activities.