October 25, 2016 / 12:57 AM / a year ago

BRIEF-ESTec Systems enters into LOI for a going private transaction

Oct 24 (Reuters) - ESTec Systems Corp :

* ESTec Systems Corp. Enters into letter of intent for a going private transaction

* ESTec systems - under LOI, co, Alberta shall use their reasonable commercial efforts to negotiate definitive agreement in respect of transaction by oct 31, 2016

* Acquisition price of $0.12 represents a 26% premium to closing price of common shares on october 21, 2016 Source text for Eikon: Further company coverage:

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