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ModusLink Global Solutions, Inc. Message Board

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  • chart.analyst01 chart.analyst01 Jan 23, 2013 12:09 PM Flag

    MLNK target : $12

    MLNK will receive $1,550,152.00 from Encore Holdings, LLC.
    This will be a positive fact for the next quarter report.

    Sentiment: Strong Buy

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    • why will MLNK pick up 1.5 mil from encore holding.

      Sentiment: Hold

    • See the following information:
      On January 11, 2013, Tech for Less LLC, which changed its name to ModusLink Recovery LLC on January 13, 2013 ("TFL"), a wholly-owned subsidiary of ModusLink Global Solutions, Inc. (the "Company"), sold substantially all of its assets (the "Disposition") to Encore Holdings, LLC ("Encore"), pursuant to that certain Agreement for Purchase of Assets, dated as of January 11, 2013, by and among TFL, the Company and Encore (the "Purchase Agreement"). The consideration paid by Encore for the assets was $1,550,152, which consisted of a gross purchase price of $1,869,530 less certain adjustments.

3.85+0.01(+0.26%)Sep 17 4:00 PMEDT

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