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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Thu., Mar. 28, 8:58 PM

Slide #22. Scepter Holdings, Inc. Ballengee Group, LLC

Acquirer: Scepter Holdings, Inc. (BRZL)
Acquiree: Ballengee Group, LLC
Details: Scepter Holdings, Inc. (OTC PINK:BRZL), announced today that it has signed a definitive merger agreement with BSG Holdings, LLC. BSG Holdings will receive a split of Scepter stock and seller notes valued at $47 million. Scepter will receive all the membership interests of the Ballengee Group, LLC a sports management agency located in Dallas, Texas. Scepter will gain an agency that generates approximately $4.7 million in EBITDA - which is guaranteed by the the owners of Ballengee Group for the next 3 years. The transaction is conditioned upon a reverse split and an increase in authorized shares and is expected to close as soon as those conditions are met. BSG Holdings will hold a controlling majority of the outstanding stock of Scepter after the transaction.

  Scepter Holdings, Inc.: BRZL
  Ballengee Group, LLC: PRIVATE
 

March 28, 2024    8:58 PM Eastern

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