Kaixin Auto Inks Non-Binding Acquisition Term Sheet With WM Motor
Portfolio Pulse from Benzinga Newsdesk
Kaixin Auto has signed a non-binding acquisition term sheet with WM Motor. The details of the deal have not been disclosed.
September 11, 2023 | 11:06 am
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Kaixin Auto's potential acquisition of WM Motor could lead to significant changes in the company's operations and market position.
Acquisitions often lead to changes in a company's operations, market position, and stock price. As the acquisition is still in the non-binding term sheet stage, the impact is not immediate but could be significant if the deal goes through.
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