Majority stake Announced Nov 2011 Verified
PowerVerde Enters Binding LOI to Acquire Cornerstone Conservation Group
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Deal value$2000B reported total consideration
Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
PowerVerde, Inc. entered into a Binding Letter of Intent to acquire 100% of the membership interests in Cornerstone Conservation Group LLC from its individual sellers. The consideration includes 2.26 million shares of common stock and warrants. The deal is expected to close by December 31, 2011.