Dussault Apparel inks LOI to acquire shares of Dussault Jeans
04 Jul '07
1 min read
Dussault Apparel announces it has entered into a non-binding Letter Of Intent(LOI) to acquire all of the issued and outstanding shares of the private company Dussault Jeans Inc.
The LOI is subject to due diligence procedures on the business and affairs of Dussault Jeans including review of its financial statements with the stated intention that the Company and Dussault Jeans Inc enter into a definitive agreement on or before November 1, 2007.
Should the proposed agreement close, it calls for the issuance of up to 25% of the outstanding shares of the Company in exchange for the purchase of all the issued and outstanding shares of Dussault Jeans Inc.
The LOI filed with the SEC provides that the definitive agreement shall state the closing is to occur on or before December 31, 2007.
Dussault Jeans is a manufacturer, wholesaler and retailer of high end apparel.
Dussault Jeans operating under the name Dussault Custom Ink is opening its flagship location in Los Angeles, CA on fashionable Melrose Ave.
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