09:52 AM EST - Aegis Brands Inc. : Has completed the sale of substantially all of the assets comprising its specialty coffee brand "Second Cup Coffee Co." to an affiliate of Montreal -based Foodtastic Inc., an emerging leader in the restaurant franchising industry. The proceeds from the transaction of $14 million were subject to certain adjustments on closing, resulting in a net closing cash payment to Aegis of approximately $12 million. In addition, the transaction includes an earn-out based on royalties earned from certain Second Cup cafés opened following closing. Aegis Brands Inc.
shares T.AEG are trading unchanged at $1.32.
