Edition:
United Kingdom

Intersections receives proposal from Loeb Holding Corporation to acquire its pet health monitoring segment


Friday, 28 Oct 2016 

Intersections Inc : Intersections Inc. receives proposal from loeb holding corporation to acquire its pet health monitoring (voyce™) segment . Intersections inc says board of directors has received a non-binding proposal from loeb holding corporation . Intersections- process of evaluating proposal and negotiation of any transaction will be overseen by a special committee of three independent directors . Intersections - Process of evaluating proposal and negotiation of any deal will be overseen by a special committee of three independent directors . Intersections Inc - special committee has selected baker Botts LLP to serve as its independent legal advisor .Intersections Inc - Special committee expects to retain an independent financial advisor to assist special committee in evaluating proposal.