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New Deal


Announced

Altria Client Services to acquire PODA for $101m.

Financials

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Transaction Value£81m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Private

Pending

Friendly

Cross Border

smoking

Single Bidder

Consumer Services: Other

Acquisition

Majority

Synopsis

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Altria Client Services, a firm operating in the financial industry, agreed to acquire PODA, a firm that engages in the design, manufacture, and distribution of vaping products, for $101m. "This agreement represents a significant milestone for PODA and its employees. Our teams have worked diligently on this technology since the Company's inception, and we believe these agreements maximize its value for the Company and its shareholders," Ryan Selby, PODA CEO, Director and Chairman.

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