Globis Acquisition Corp. (GLAQ) to Combine with Forafric in $300M Deal

Globis (NASDAQ:GLAQ) has entered into a definitive agreement to combine with African agribusiness Forafric at an equity value of $300 million. Casablanca-based Forafric produces flour and semolina as well as secondary processing products such as pasta and couscous out of plants in North and Sub-Saharan Africa. The combined company is expected to change its jurisdiction
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