Ricoh Corporation and Copi-Quik Reach Agreement 'In Principle' For the Acquisition of Certain Copi-Quik Assets by Ricoh Corporation8 Jul, 2002
Ricoh Corporation and Copi-Quik Reach Agreement 'In Principle' For the Acquisition of Certain Copi-Quik Assets by Ricoh Corporation
Ricoh Corporation has reached an agreement "in principle" with the owners/shareholders of Philadelphia based Copi-Quik, Inc., doing business as CQI Document Solutions (CQI), regarding the possible acquisition of certain assets of CQI.
Such an acquisition will be subject to final verification of the asset values and a mutually agreed upon purchase price; satisfactory conclusion of both a financial and non-financial due diligence review of CQI by Ricoh; governmental approval, if applicable; and the parties signing a mutually acceptable Asset Purchase Agreement. CQI is an authorized Ricoh dealer marketing Ricoh branded products in the Greater Philadelphia area.