RE:acquiring assets TORONTO, Jan. 27, 2015 /CNW/ - The Intertain Group Limited ("Intertain" or the "Company") (TSX:IT) announced today that it is in advanced discussions with a third party regarding a significant acquisition of certain assets (the "Potential Acquisition").
As at the date hereof, there is no assurance that the Company will consummate the Potential Acquisition. The Potential Acquisition is subject to the finalization of definitive documentation and approval of the boards of directors of Intertain and the third party. If successful, the approximate value of the Potential Acquisition will be in the range of C$1B.
The Company will provide a further update regarding the Potential Acquisition if binding agreements are reached, or if a definitive agreement is not reached.