m line holdings inc (MLHC:OTC US)
Transactions by M LINE HOLDINGS INC (MLHC) in the last 6 months
M Line Holdings, Inc. (OTCPK:MLHC) signed a letter of intent to acquire The Byran Company, Inc. for $5.2 million on October 16, 2014. M Line will pay $3.1 million on closing with the principals of Byran carrying $2.1 million payable over 5 years at 4% interest, payments commencing three months after close. Kelly Dunagan will sign a 9 month employment contract under which he will be available on a consulting basis as needed.
M Line Holdings, Inc. (OTCPK:MLHC) signed a definitive agreement to acquire BlueStar Machinery, Inc. for $1.1 million on September 9, 2014. Sean Johnson will stay on as President of BlueStar Machinery with a three year employment contract. As of December 31, 2013, BlueStar Machinery generated revenues of $8 million.
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