Press release - newage agrees to combine with ariix and four additional e-commerce/direct selling companies to create a >$500 million global enterprise

Press release - newage agrees to combine with ariix and four additional e-commerce/direct selling companies to create a >$500 million global enterprise.new age beverages corp - at closing, newage will pay $25 million in cash and will issue 18 million shares of company's common stock.new age beverages corp - consideration for acquisition will consist of a combination of cash, common stock and convertible notes.new age - under deal, will also issue a convertible note for $10 million that matures six months from closing.new age - under deal, will also issue a convertible note for $141.25 million that matures 24 months from closing.new age beverages corp - as part of deal, expects to capture about $20 million in ebitda in first 18 months following closing in cost, revenue synergies.
NBEV Ratings Summary
NBEV Quant Ranking