1847 Holdings to Sell CMD Subsidiary for $65 Million in All-Cash Transaction
1847 Holdings LLC (OTC: LBRA) has announced a letter of intent to sell its CMD subsidiary for $65 million in an all-cash transaction. The deal, if completed, would result in a threefold return on the $18.75 million acquisition price and a debt-free company. A definitive agreement is expected within 60–90 days.
Topics: Corporate Strategy Debt Repayment Financial Performance M&A