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Numico sale of Unicity final

This article was originally published in The Tan Sheet

Executive Summary

Divestiture of Royal Numico division completed July 17. Paulo Bangerter and Aaron Webber will manage the direct selling business as an entrepreneurial venture. The transaction will result in net cash inflow of approximately $22.6 mil. by Q2 2004, the Dutch company said. Numico signed a letter of intent to sell Unicity to Activated Holdings in March (1"The Tan Sheet" March 10, 2003, p. 3)...

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