EVTC to acquire waste treatment company
FORT WORTH - EVTC Inc. said on Monday it has a tentative agreement to acquire Innovative Waste Technologies Inc., which treats and recycles marine and industrial waste.
EVTC, which sells refrigerants for air conditioners and refrigeration systems, said the deal involves a $1 million investment in its common stock, and is subject to shareholder approval and a definitive agreement.
A spokesman for EVTC, based in Fort Worth, Texas, was not available for comment.
EVTC\'s stock rose 17 cents to 33 cents shortly after midday on Nasdaq. It has traded in a range of 11 cents to $1.875 over the past year.
REUTERS NEWS SERVICE
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