Dynamic Energy Development Corporation cancelled the acquisition of C.C. Crawford Retreading Co., Inc.
On May 18, 2012, the closing had not commenced due to certain outstanding closing conditions of executed stock purchase agreement. Dynamic Energy Development Corporation is still conducting its due diligence investigation of C.C. Crawford Retreading Co., Inc. and its business. As on October 2, 2012, Dynamic Energy Development Corporation executed a right of first refusal and option agreement for both an option to purchase and a right of first refusal to purchase C.C. Crawford Retreading Company Inc to IWSI PS Plan. Dynamic Energy Alliance Corporation anticipates that the parties will complete the transaction within the second quarter 2012.
Dynamic Energy Development Corporation cancelled the acquisition of C.C. Crawford Retreading Co., Inc. on October 16, 2013.