Dec 27 (Reuters) - Sequoia Financial Group Ltd (SEQ) :
- UNIT SIGNED A SALE AGREEMENT AND CROSS REFERRAL AGREEMENT TO PROVIDE WEALTH MANAGEMENT SOLUTIONS TO YELLOW BRICK ROAD GROUP
- SEQUOUNIT IS BUYING YBR'S SHARE OF RIGHTS TO RECURRING REVENUE STREAMS CURRENTLY DERIVED FROM WEALTH ADVICE AND LIFE INSURANCE BUSINESS
- DEAL FOR $2.5M
- DEAL TO RESULT IN ADDITIONAL $10M GROSS REVENUE / $0.6M EBIT OVER FIRST 12 MTHS IF ALL SELECTED YBR ADVISERS TRANSFER TO UNIT
Source text https://reut.rs/2PZhnSP
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News: SEQ Sequoia Financial's Unit Signed Sale Agreement To Provide Wealth Management Solutions
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Mkt cap ! $43.25M | |||
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