PMGC Holdings terminates LOI to buy 76% stake in Arizona precision machining company
Reuters2026/08/26 12:17- PMGC terminated a non-binding LOI to buy a 76% stake in an Arizona precision machining and contract manufacturing business.
- The deal was dropped following audit-stage due diligence that showed a weaker historical financial profile than expected.
- Unaudited figures previously cited for fiscal 2025 were revenue of about $5.46 million, EBITDA of about $1.05 million.
- PMGC concluded the purchase price, working-capital needs, and expected post-close capital spending no longer met its return thresholds.
- No breakup fee or termination penalty was incurred; the M&A team continues to evaluate multiple acquisition opportunities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
After Waller's hawkish speech, the market focuses on "rate hikes", but Morgan Stanley says balance sheet reduction is more likely.
After the Jackson Hole meeting, the market's focus has shifted to interest rate hike expectations. However, Morgan Stanley economist Carpenter pointed out that Walsh's long-standing stance on reducing the $7 trillion balance sheet should not be overlooked. It is expected that the Federal Reserve may begin a balance sheet reduction of more than $1.5 trillion next year, partially replacing rate hikes.
BTC surpasses $78,000
AON plans to acquire USI for 17 billion USD, aiming at the SME insurance brokerage market.
According to informed sources, AON.US is close to reaching a deal valued at around $17 billion, including debt, to acquire insurance brokerage USI from private equity firm KKR.
2-Yr Benchmark Govt Yields - Germany vs Other Nations
Crypto prices
More
