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XBP Europe Holdings, Inc. Signs Exclusive Non-Binding LOI To Acquire Exela Technologies BPA, LLC; If Completed, The Acquisition Will Expand XBP Europe's Revenue To More Than $1B From $145M On A Pro Forma Basis For The 12-Months Ending September 30, 2024
Benzinga·03/04/2025 14:54:27
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XBP Europe Holdings, Inc. ("XBP Europe") (NASDAQ:XBP), a pan-European integrator of bills, payments, and related solutions and services, today announced that it has entered into an exclusive, non-binding letter of intent with Exela Technologies, Inc. to acquire Exela Technologies BPA, LLC ("BPA"), a leading provider of business process automation solutions. The closing of the acquisition will be subject to BPA completing a corporate reorganization which is expected to create a sustainable capital structure with a substantially deleveraged balance sheet. If completed, the acquisition will expand XBP Europe's revenue to more than $1 billion from $145 million on a pro forma basis for the twelve months ending September 30, 2024.
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① During the campaign period, US stocks, US stocks short selling, US stock options, Hong Kong stocks, and A-shares trading will maintain at $0 commission, and no subscription/redemption fees for mutual fund transactions. $0 fee offer has a time limit, until further notice. For more information, please visit: https://www.webull.hk/pricing
② More than 40M Downloads Globally : data based on Webull Technologies Limited's internal statistics as of July 14, 2023.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
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