Max’s Group, Inc. (MGI) is merging two of its subsidiaries in line with its goal to maximize operational synergies across its businesses.
In a disclosure to the stock exchange on Wednesday, August 1, MGI said the Securities and Exchange Commission (SEC) has approved the merger of its wholly-owned units, The Real American Doughnut Company, Inc and Fresh Healthy Juice Boosters, Inc., with the former as the surviving entity.
“The resulting transaction is aligned with on-going reorganization initiatives to maximize operational synergies across the business and does not adversely impact existing shareholders,” the company said. — Arra B. Francia
