$8.36 -0.4 -4.3%
Last Trade - 25/02/21
Market Cap | £584.1m |
Enterprise Value | £1.36bn |
Revenue | £1.17bn |
Position in Universe | 2996th / 6709 |
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;))