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ACCO - ACCO Brands News Story

$8.36 -0.4  -4.3%

Last Trade - 25/02/21

Sector
Industrials
Size
Mid Cap
Market Cap £584.1m
Enterprise Value £1.36bn
Revenue £1.17bn
Position in Universe 2996th / 6709

BRIEF-ACCO Brands Signs Definitiv Agreement To Acquire PowerA

Tue 10th November, 2020 11:28pm
Nov 10 (Reuters) - ACCO Brands Corp  ACCO.N :
    * ACCO BRANDS ACCELERATES STRATEGIC SHIFT TOWARD CONSUMER
PRODUCTS; ANNOUNCES AGREEMENT TO ACQUIRE LEADING PROVIDER OF
CONSOLE ACCESSORIES FOR VIDEO GAMING
    * ACCO BRANDS CORP - HAS SIGNED A DEFINITIVE AGREEMENT TO
ACQUIRE
POWERA
    * ACCO BRANDS CORP - DEAL FOR $340 MILLION
    * ACCO BRANDS CORP - POWERA ACQUISITION IS EXPECTED TO BE
ACCRETIVE TO EARNINGS AND CASH FLOW IN FIRST YEAR
    * ACCO BRANDS CORP - WILL FINANCE POWERA TRANSACTION THROUGH
CASH
ON HAND &  BORROWINGS FROM $600 MILLION REVOLVING CREDIT
FACILITY
    * ACCO BRANDS - DEAL CONSIDERATION INCLUDES ADDITIONAL
EARNOUT OF
UPTO $55 MILLION IN CASH, CONTINGENT UPON POWERA ACHIEVING 1- &
2-YEAR SALES, PROFIT GROWTH OBJECTIVES

Source text for Eikon:  ID:nBw3Ct40ka 
Further company coverage:  ACCO.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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