10 Jul '12, 2pm

Green Automotive will acquire Liberty Electric Cars for about $17 million in stock

Green Automotive will acquire Liberty Electric Cars for about $17 million in stock

Green Automotive Signs Agreement to Acquire Liberty Electric Cars NEWPORT BEACH, Calif., June 29, 2012 (GLOBE NEWSWIRE) -- Green Automotive Company (OTC:GACR) announced today that it has signed an agreement to acquire Liberty Electric Cars Limited (www.liberty-ecars.com). Liberty Electric Cars is a state-of-the-art vehicle design, engineering and manufacturing company, driving innovation in the use of leading edge zero and low emission technologies to satisfy growing demand for environmentally friendly transport solutions around the world. Liberty also provides a unique after sales program for electric vehicles across Europe, maximizing the life-time value of clean transport solutions. Green Automotive will purchase all of the issued and outstanding stock of Liberty Electric Cars Ltd. and its subsidiary LEC 2, Limited, in exchange for 39,172,178 shares of Green Automotive ...

Full article: http://green.autoblog.com/2012/07/10/green-automotive-wil...

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