Garnero Group Acquisition Co
* As result of certain material breaches by Q1 Comercial De Roupas S.A. of agreement between parties, it has terminated deal
* Garnero group acquisition company announces termination of investment agreement and provides information on liquidation
* Terminated its previously announced proposed merger with Grupo Colombo
* Ggac’s corporate existence will cease as of July 22, 2016, except for purposes of winding up its affairs and liquidating
* Share transfer books of ggac will be closed as of July 23, 2016
* Per-Share liquidation price will be approximately $10.05
* No payments will be made in respect of co’s outstanding warrants, rights, to any of its initial shareholder’s securities owned by them prior to IPO
Source text for Eikon:
Further company coverage: (Reporting by Parikshit Mishra)
Source: Reuters.com