Green Rise Foods agrees to acquisition by Pereira Verde

Bitget2026/10/19 12:32

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Pereira Verde agreed to acquire Green Rise Foods’ shares not held by excluded securityholders for $0.43 each in cash.
The buyer is controlled by Vincent Narang and George Hatzoglou; the deal values total equity at approximately $20.48 million.
Total transaction value, including net debt, is approximately $61 million; the offer carries a 16.2% premium to the October 16 close.
Consideration may rise or fall by up to $0.02 per share based on closing working capital against a negative $3.1 million target.
Closing is expected in December 2026, subject to shareholder and court approvals; the transaction has no financing condition.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Green Rise Foods Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202610190830CANADANWCANADAPR_C3763) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Green Rise Foods agrees to acquisition by Pereira Verde

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