Elite Lighting to Acquire Edison Price Lighting Assets
Oct 16, 2020
Edison Report has confirmed that Elite Lighting outbid GE Current, a Daintree Company in a public auction following the bankruptcy declaration of Edison Price Lighting, acquiring its assets for $4.15M.
“It seemed they came out of nowhere,” a source from GE Current, a Daintree Company, told Edison Report. GE Current’s bid was $1.4M.
“Edison Report has learned that GE Current, a Daintree Company did huge due diligence. Our source reports that Elite Lighting did almost none.”
Go HERE for Edison Report’s coverage of the story as it developed and continues to develop.