The company claims that in the days leading up to the release of the announcements, its glove making subsidiary received what it believed to be the “final agreement” from Honeywell.
Aspen (Group) Holdings has retracted a statement it previously released on April 13, that it had entered into a master supply agreement with Honeywell International for a consideration of US$210 million ($281.64 million).
In a filing released on April 24, Aspen revealed that the announcements relating to Aspen Glove’s entry into the agreement with Honeywell were retracted due to a “communication oversight” between both parties.
