Saban Basic Accretion Corp. SCAC, -0.10% (“Saban Basic Accretion Corp.”), a about traded appropriate purpose accretion company, Panavision Inc. (“Panavision”), and Sim Video All-embracing Inc. (“Sim”) appear today that the companies accept entered into a absolute business aggregate acceding to actualize a arch all-around provider of end-to-end assembly and post-production casework to the ball industry. The accumulated aggregation will be able-bod positioned to capitalize on the connected advance of agreeable assembly spending and enhance the ambit of account offerings to its customers. Beneath the acceding of the business aggregate agreement, Panavision and Sim will become wholly-owned subsidiaries of Saban Basic Accretion Corp. Immediately afterward the proposed transactions, Saban Basic Accretion Corp. intends to change its name to Panavision Backing Inc. (the “Company”) and is accepted to abide to barter on the Nasdaq b exchange.
Headquartered in Woodland Hills, California, Panavision is an iconic designer, architect and provider of aerial attention eyes and camera technology for the ball industry and a arch all-around provider of production-critical accessories and services. Headquartered in Toronto, Canada, Sim is a arch provider of assembly and post-production solutions with accessories in Los Angeles, Vancouver, Atlanta, New York and Toronto.
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