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News Breaks | | | | October 10, 2012 | | 09:02 EDT |  | PWEI | PacWest Equitites announces LOI to acquire PurGro Electronics fir $15M PacWest Equities announced that it has entered into a Letter of Intent, or LOI, to purchase PurGro Electronics, LLC in exchange for cash and stock, in a deal valued at $15M. Included in the proposed transaction are PurGro's current sales volume of $1.5M annually along with 5 international patents pending in China and 11 patents to be filed in the U.S.. | |
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