AgriFORCE Formally Ended Its Efforts To Acquire Delphy Group BV
Portfolio Pulse from Benzinga Newsdesk
AgriFORCE has formally ended its efforts to acquire Delphy Group BV after extensive due diligence and evaluation of financials, impairment risk, and market conditions. A revised purchase price could not be agreed upon by the parties.
June 02, 2023 | 11:01 am
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AgriFORCE's acquisition efforts for Delphy Group BV have ended due to disagreements on a revised purchase price after extensive due diligence and financial evaluations.
AgriFORCE's decision to end its acquisition efforts for Delphy Group BV may negatively impact its stock price in the short term. The inability to agree on a revised purchase price after extensive due diligence and financial evaluations may be perceived as a failure to execute on growth strategies, potentially leading to a decrease in investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100