Smith Electric Vehicles US Makes $105M Offer to Buy SEV Division from Tanfield
Green Car Congress
MARCH 10, 2010
Any sale would be conditional inter-alia upon negotiation of sale and purchase documentation, a financing by SEVUS, all usual shareholder approvals (including the approval of Tanfield shareholders) and due diligence. The board of Tanfield has granted SEVUS a four month period of exclusivity for the clarification and negotiation of this offer.
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