Corporate mergers

Holley-Navarre Water wants beach utility for free

Holley-Navarre Water wants beach utility for free

  In corporate mergers, the deals sometimes include exchanges of stock, assumption of debt or cash paid by the acquiring company. But in Holley-Navarre Water System’s proposed acquisition of Navarre Beach Water System, the small county-owned utility would essentially be gifted to the mainland  nonprofit. “We won’t pay anything,” said Paul Gardner, Holley-Navarre’s general manager. […]