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$WSML Williamsville Sears Has Executed the Definit

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Posted On: 06/20/2018 11:11:21 PM
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Posted By: jtrade
$WSML Williamsville Sears Has Executed the Definitive Acquisition Agreement For the Outright Takeover of Femab Properties Ltd Parent

June 18, 2018 15:13 ET | Source: Williamsville Sears Management Inc

NEW YORK, June 18, 2018 (GLOBE NEWSWIRE) -- Williamsville Sears Management Inc. (OTC Pink:WSML) (“WSML” or the “Company”) is pleased to announce today that the Company has entered into the definitive agreement of the previously announced acquisition of FPL Holdings Inc., the parent company of Femab Properties Limited.

As filed on FORM 8K with the Securities and Exchange Commission on June 18, 2018, the terms of the agreement are available as an exhibit.

Amanda J. Wester, the Chief Financial Officer of Williamsville Sears, stated: “We are poised with excitement undertaking FPL Holdings Inc. and its operating Company Femab Properties Limited. The transaction is the culmination of picking the right opportunities with great potential for our shareholders. We look forward to working with Mr. Aguda.”

The Chairman & CEO of Williamsville Sears Management, Inc., Kent A. D. Clark stated, “We welcome FPL Holdings Inc. as a subsidiary of WSML today. We have entered into a definitive agreement and look forward to closing this transaction as soon as possible for our Shareholders. This acquisition adds to our diverse portfolio and provides depth to our organization. I look forward to our Partnership and growing together with our newest partner. Mr. Aguda has been working diligently to assist with the acquisition and we will continue to build on our relationship moving forward.”

Mr. Abiodun Aguda, Chairman & CEO of FPL Holdings, added: “We are happy today to be part of Williamsville Sears Management Inc. as it forms part of our strategic growth plan continuing to return superior earning to our shareholders. We strongly believe in this partnership, WSML will commit adequate and necessary resources to develop the vast assets now available for the conglomerate for mutual benefit in order to place Femab Properties as a clear market leader in the industry as envisioned by the Founder.”

https://globenewswire.com/news-release/2018/0...arent.html


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