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World Kinect Corp V.INT


Primary Symbol: WKC

World Kinect Corporation is a global energy management company. The Company is engaged in offering fulfillment and related services across the aviation, marine, and land-based transportation sectors. It also supplies natural gas and power in the United States and Europe along with a suite of other sustainability-related products and services. Its segments include Aviation, Land and Marine. Its Aviation segment provides aviation-related service offerings, which include fuel management, price risk management, ground handling, 24/7 global dispatch services, and trip planning services, including flight planning and scheduling, weather reports and overflight permits. Its Land segment offers fuel, lubricants, heating oil, and related products and services to commercial, industrial, residential and government customers, as well as retail petroleum operators. Its Marine segment markets fuel, lubricants, and related products and services to a base of marine customers.


NYSE:WKC - Post by User

Bullboard Posts
Post by penguinwinson Dec 15, 2012 2:11pm
395 Views
Post# 20735521

lexiphone

lexiphone

Okay I am unsure why they needed the money right now but doubt it is for lexiphone unless they are spinning out sooner and want everything in place. I do not mind the new deal but doubt lexiphone is the reason since they have till Jan 1, 2014 not 2013. 

The Acquired Shares, representing 25% of the issued and outstanding ordinary shares in the capital of Lexifone as of the closing date of the Acquisition, were transferred to Ortsbo immediately following the closing of the Acquisition. Intertainment was also granted several options to acquire the remaining stakes in Lexifone prior to January 1, 2014, which options were also assigned to Ortsbo immediately following closing

Bullboard Posts