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Clark Consulting Amends Asset Purchase Agreement; Increases Purchase Price for Sale of Business Units.

Publication: PR Newswire
Publication Date: 15-FEB-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
BARRINGTON, Ill., Feb. 15 /PRNewswire-FirstCall/ -- Clark Consulting , a national firm dedicated to helping companies keep their best people through integrated compensation, benefits and funding solutions, today announced that Clark, Inc., a Delaware corporation (the "Company"), entered into a new Asset Purchase Agreement (the "New Sale Agreement"), dated as of February 14, 2007, by and among the Company, Clark Consulting, Inc., a Delaware corporation and wholly-owned subsidiary of the Company, Clark Wamberg, LLC, a Delaware limited liability company ("C-W Co.") and Tom Wamberg, Chairman and Chief Executive Officer of the Company, as a joint obligor with C-W Co. The New Sale Agreement relates to the pending purchase of certain assets, and the assumption of certain liabilities of the Company (collectively, the "MBO Businesses") by C-W Co., and supersedes the prior Asset Purchase Agreement dated November 1, 2006 among...

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