July 6 (Reuters) - GEA Technologies Ltd GEAh.V :
* GEA Technologies and Dropleaf jointly announce entering into definitive agreement for proposed merger
* GEA Technologies Ltd - Amalgamation is structured as a threecornered amalgamation
* GEA Technologies Ltd - As a result, amalgamated corporation will become a whollyowned subsidiary of GEA on closing
* GEA Technologies Ltd - Entered into a share exchange and merger deal with Dropleaf LLC, pursuant to which unit of GEA will amalgamate with Dropleaf
* GEA Technologies Ltd - As consideration for deal, GEA will issue about 16.6 million GEA common shares and 1.8 million GEA preferred shares
* GEA Technologies Ltd - GEA's common shares will remain halted until transaction is completed
* GEA Technologies Ltd - Transaction has been structured so that resulting issuer qualifies as a foreign private issuer in United States
* GEA Technologies - As per deal, Dropleaf holders will receive ONE gea common share and 0.11048 GEA preferred shares for each Dropleaf share held Source text for Eikon: ID:nCCN7s2z3a Further company coverage: GEAh.V