Cheetah Net Supply Chain Services Executes Letter Of Intent To Acquire Edward Transit Express Group; Purchase Price Is $1.5M Consisting Of $300K In Cash And $1.2M In Cheetah's Class A Common Stock
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Cheetah Net Supply Chain Services has signed a Letter of Intent to acquire Edward Transit Express Group for $1.5M, with the payment comprising $300K in cash and $1.2M in Cheetah's Class A Common Stock.
November 16, 2023 | 1:34 pm
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Cheetah Net Supply Chain Services (CTNT) plans to acquire Edward Transit Express Group for $1.5M, including $300K cash and $1.2M in stock.
The acquisition of Edward Transit Express Group by CTNT could potentially expand CTNT's market reach and service offerings, which may be viewed positively by investors. The use of stock as part of the purchase price suggests confidence in the company's equity value. However, the dilution effect of issuing new stock could temper some of the positive sentiment.
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