Deal Snapshot
STANDARD DIVERSIFIED TO MERGE WITH TURNING POINT BRANDS SUBSIDIARY IN REORGANISATION
Monday 18 November 2019

US-based holding company Standard Diversified Inc. (NYSE American: SDI) intends to pursue a merger with Kentucky, US-based Other Tobacco Products provider Turning Point Brands, Inc., of which the company held a 50.1% interest as of 30 September, the company said.
Pursuant to the proposed transaction, which would be a statutory merger implemented via Delaware law and which is intended to constitute a tax-free "downstream reorganization" for US federal income tax purposes, the company would be merged with and into a wholly owned subsidiary of Turning Point with Turning Point as the survivor of the merger.


TKUqg0 http://www.FyLitCl7Pf7kjQdDUOLQOuaxTXbj5iNG.com
Details
Date Published: 18/11/2019
Target: Standard Diversified Inc
Country: USA
Deal Size: 809m (USD)
Sector: Food/Beverages/Tobacco
Type: Corporate acquisition
Financing: Stock
Status: Bidding
Vendor:
Buyer: Turning Point Brands, Inc
Comment:


Options