MKDWELL Tech To Acquire The Entire Issued Share Capital Of Landvision; Deal Valued At $240M Via 30M New Shares At $8 Per Share
MKDWELL Tech Inc. ("MKDWELL" or the "Company") (NASDAQ:MKDW), an automotive electronics manufacturer, today announced that it has entered into a sale and purchase agreement (the "Agreement") to
MKDWELL Tech is buying another company called Landvision for $240 million by creating 30 million new shares worth $8 each. When a company makes new shares to pay for something, it can mean the existing shares get diluted, so it's worth watching how investors react and whether the new company helps MKDWELL grow.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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