EDC Extends Due Diligence Period for Sale of Headquarters to TG OTC, LLC

Reuters

Jul 01

EDC Extends Due Diligence Period for Sale of Headquarters to TG OTC, LLC

Educational Development Corporation $(EDC.AU)$ has announced an amendment to its existing Commercial Real Estate Contract with TG OTC, LLC for the sale of its headquarters and distribution warehouse, known as the Hilti Complex, located in Tulsa, Oklahoma. The amendment, effective June 26, 2025, extends the due diligence period from August 12, 2025, to September 11, 2025. Additionally, the expected closing of the sale has been amended to ten days following the end of the due diligence period, rather than the previously agreed thirty days. This development marks a significant step in EDC's plans to move forward with the sale of its facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EDC - Educational Development Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001185185-25-000708), on June 30, 2025, and is solely responsible for the information contained therein.

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ID: 0001185185-25-000708), on June 30, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EDUC","symbol_name":"EDC Publishing","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250630:nNDL9qymyF:1","article_id":"2548017293","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548017293","pubTimestamp":1751313723,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Educational Development Corporation  has announced an amendment to its existing Commercial Real Estate Contract with TG OTC, LLC for the sale of its headquarters and distribution warehouse, known as the Hilti Complex, located in Tulsa, Oklahoma. The amendment, effective June 26, 2025, extends the due diligence period from August 12, 2025, to September 11, 2025. Additionally, the expected closing of the sale has been amended to ten days following the end of the due diligence period, rather than the previously agreed thirty days. This development marks a significant step in EDC's plans to move forward with the sale of its facility.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EDC - Educational Development Corporation published the orig","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EDUC":"EDC Publishing","BK4159":"经销商"},"translate_title":"EDC延长将总部出售给TG OTC，LLC的尽职调查期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EDUC":0.9},"content_text":"EDC Extends Due Diligence Period for Sale of Headquarters to TG OTC, LLC\n    \n\n        Educational Development Corporation $(EDC.AU)$ has announced an amendment to its existing Commercial Real Estate Contract with TG OTC, LLC for the sale of its headquarters and distribution warehouse, known as the Hilti Complex, located in Tulsa, Oklahoma. The amendment, effective June 26, 2025, extends the due diligence period from August 12, 2025, to September 11, 2025. Additionally, the expected closing of the sale has been amended to ten days following the end of the due diligence period, rather than the previously agreed thirty days. 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