QualityStocksNewsBreaks – Twin Vee PowerCats Co. (NASDAQ: VEEE) to Merge With USFM, Privatize Marine Business in Strategic Transaction
Twin Vee PowerCats (NASDAQ: VEEE), a manufacturer of power sport boats, has entered into a definitive agreement under which a subsidiary of USFM Corporation will merge with the company, while its Twin Vee and Bahama Boat Works marine business will be transferred into a privately held Delaware statutory trust. Existing shareholders will receive equity in the combined public company and contingent value rights tied to potential future distributions generated by the privatized marine business. The transaction is intended to unlock shareholder value while providing greater strategic and financial flexibility for both businesses. Upon closing, the combined public company is expected to trade on the NYSE…