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Celsius Holdings, Inc. (CELH) to Acquire Func Food Group Oyj
September 11, 2019 4:41 PM EDTCelsius Holdings Inc., (Nasdaq: CELH) maker of the leading global fitness drink, CELSIUS®, today announced that the company has entered into a series of definitive agreements with the shareholders, bondholders and certain other lenders of Func Food Group Oyj, a Finnish corporation ("Func Food"), pursuant to which Func Food's outstanding debt will be restructured and Celsius will acquire Func Food. Consideration for the transaction is comprised of approximately $15.1 million in cash and the assumption of $9.5 million of outstanding debt (assuming a foreign exchange rate of $1.12=1.00).
Func Food is a Nordic wellness company that markets... More
