Turbon Europe Buys Back American Subsidiary For $2.5M

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Date: Tuesday June 29, 2021 08:40:42 am
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  • jim
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    Turbon Europe Buys Back American Subsidiary For $2.5M.
    Turbon USA
    Turbon Printing Technologies, a subsidiary of Turbon AG, has bought back the shares in Turbon International Inc., USA, from HBT Holdings.

    Turbon AG had sold all shares to Turbon International Inc. in August 2018 as part of the debt reduction to HBT Holdings. Turbon International Inc. is the parent company of Turbon USA Inc., which sells remanufactured laser toner cartridges, and Clarity Imaging Solutions Inc., a provider of printer and copier services. With regard to Turbon USA Inc., the acquisition was made to expand the value chain and to secure market access in the USA, announced Turbon. With regard to Clarity Imaging Solutions Inc., the acquisition was made in the implementation of the strategy of using opportunities to generate short-term earnings. As the company announced in a mandatory notification to shareholders, the purchase price is $ 2.5 million. An earn-out clause was also agreed.
    https://www.pbs-business.de/news/lieferanten/25-06-2021-turbon-kauft-amerikanische-tochter-zurueck/
    Why Would a Company Buy Back Its Own Shares?

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