The latest update is out from Abacus Life (ABL).
Abacus Life, Inc. has entered into a significant Share Purchase Agreement to acquire all outstanding shares of two Luxembourg-based investment managers specializing in life settlements, for an estimated $200 million. The deal is structured to include a mix of Abacus common stock and senior notes as consideration, subject to customary adjustments and escrow arrangements. The transaction hinges on various customary conditions, including regulatory approval, and features post-closure provisions like share lockup periods and registration rights for sellers. This strategic move is expected to enhance Abacus’s position in the financial market, signaling potential growth and new opportunities for stakeholders.
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