February 7, 2018 / 9:48 AM / 2 months ago

BRIEF-Acasta Announces Term Sheet With Martello To Sell Stellwagen

Feb 7 (Reuters) - Acasta Enterprises Inc:

* ACASTA ANNOUNCES TERM SHEET WITH MARTELLO TO SELL STELLWAGEN AND AMENDMENT TO ITS US$150 MILLION CREDIT FACILITY

* ACASTA- ‍INDEPENDENT COMMITTEE WILL OVERSEE POTENTIAL SALE OF STELLWAGEN AND CONSIDER OTHER ALTERNATIVES TO MAXIMIZE VALUE FOR COMPANY’S SHAREHOLDERS​

* ACASTA ENTERPRISES - TO SELL STELLWAGEN TO AFFILIATE OF MARTELLO IN EXCHANGE FOR CANCELLATION OF 26 MILLION SHARES OF ACASTA OWNED BY MARTELLO AND OTHERS ​ Source text for Eikon: Further company coverage: ( Bangalore.newsroom@thomsonreuters.com )

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