Live Ventures (LIVE) Closes $60M Acquisition of Vintage Stock
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Live Ventures Incorporated Announces Closing of $60M Acquisition Backed by Texas Capital Bancshares and Capitala Group
November 7, 2016 7:30 AM ESTLAS VEGAS, Nov. 7, 2016 /PRNewswire/ --Â Live Ventures Incorporated (Nasdaq: LIVE) ("Live Ventures" or the "Company"), a diversified holding company, today announced it has acquired 100% of the outstanding stock of entertainment retailer, Vintage Stock, Inc., in a cash and debt transaction valued at approximately $60M. The acquisition was financed by Texas Capital Bank (NASDAQ: TCBI) and Capitala Group (NASDAQ: CPTA). Live Ventures did not issue any stock or convertible securities in connection with this transaction. As a result of this... More
