Feit Electric Company, Inc. /
Universal Security Instruments, Inc. and USI Electric, Inc.
Feit Electric to purchase safety product assets from Universal Security Instruments and USI Electric
What happened
Feit Electric Company, Inc. agreed to acquire substantially all of the assets of Universal Security Instruments, Inc. and USI Electric, Inc. The agreement covers certain inventory and non-tangible assets.
The filing states aggregate cash consideration of $6 million, subject to adjustment based on the value of eligible inventory at closing.
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Feit Electric to purchase safety product assets from Universal Security Instruments and USI Electric
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