11:41 AM EST - Premium Brands Holdings Corp. : announced the acquisition of an 80% interest in Duso's Enterprises Ltd. for approximately $5.6 million. The $5.6-million purchase price, which is subject to adjustment if Duso's net working capital at closing is above or below a defined level, consisted of $4 million in cash, the issuance of 69,252 shares and a $600,000 vendor take back note due three years after closing. Premium Brands will not assume any funded debt under the terms of the transaction. As part of the transaction, Premium Brands will help Duso's fund the purchase of approximately $1 million in pasta making equipment. Premium Brands Holdings Corp.
shares T.PBH are trading down $0.02 at $14.51.
