*** Market Watch Alert *** Thursday September 24th (GEVI) General Environmental Management Inc Current: (est) .62 12 mo. Target * 2.00 BREAKING NEWS*** GEVI Anncement - a L.O.I. to Acquire Santa Clara Waste Water (SCWW), a profitable, 50 year old wastewater treatment business. As one of the top 100 privately owned non-hazardous waste water utilities in the U.S., SCWW has treated more than 2 bill gallons of wastewater. GEM Chief Financial Officer, Brett Clark, added, "SCWW has a very profitable business model. We are acquiring the company and all of its assets for approximately three times its trailing EBITDA, plus the assumption of long term debt secured by SCWW's plant and equipment. SCWW's rev in 2008 were approximately 7.6 mill. The transactien is very accretive to GEM and will be paid for with a combination of cash, debt, and securities over the next three years. Details of the transaction will be provided upon closing, which is expected to occur within the next 60 days." STAY TUNED and add GEVI to your big-movers first thing Thursday morning...
$0.0 (09/24/09)
