Mace Security (MACE) Announces Intent to Acquire a Wholesale Security Monitoring Company
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Mace Security International, Inc. (Nasdaq: MACE) signed a letter of intent to acquire a wholesale security monitoring company. Mace anticipates that it will sign a definitive purchase agreement within 30 days, and plans to consummate the transaction within 30 days after signing the definitive purchase agreement.
The wholesale monitoring company has a UL-listed monitoring center that maintains over 30,000 accounts. Mace will not disclose the name of the company until the definitive purchase agreement is signed.
The letter of intent is subject to customary closing conditions. Although there can be no assurance that this acquisition will ultimately close, the Company is optimistic that the conditions will be satisfied. [SM]
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