WD-40 Company (NasdaqGS:WDFC) entered into a definitive agreement to acquire Theron Marketing Ltda. from M12 Participacoes Empresariais S.A. for $6.9 million on March 4, 2024. The transaction is subject to additional terms and conditions: The establishment of an escrow account containing approximately $200,000 USD of the cash consideration to cover indemnifiable losses, if any, with the balance to be released to Seller on the second anniversary of the Closing Date, The purchase of an insurance bond or policy by Seller to cover certain taxes for which Seller agreed to indemnify Buyer, A three-year non-competition provision, and A one-year non-solicitation provision.
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- WD-40 Company entered into a definitive agreement to acquire Theron Marketing Ltda. from M12 Participacoes Empresariais S.A. for $6.9 million.