$12 0.0 0.0%
Last Trade - 30/01/18
Market Cap | £n/a |
Enterprise Value | £n/a |
Revenue | £266.8m |
Position in Universe | th / 6715 |
Dec 18 (Reuters) - Hershey Co HSY.N : * HERSHEY ENTERS INTO AGREEMENT TO ACQUIRE AMPLIFY SNACK BRANDS, INC. * HERSHEY CO - DEAL FOR $12.00 PER SHARE IN CASH * HERSHEY CO - DEAL EXPECTED TO BE ACCRETIVE TO ADJUSTED EARNINGS PER SHARE IN FIRST-YEAR POST CLOSING * HERSHEY CO - DEAL VALUED AT APPROXIMATELY $1.6 BILLION * HERSHEY CO - TRANSACTION WILL BE FUNDED WITH CASH ON HAND AND NEW DEBT AND IS NOT EXPECTED TO IMPACT HERSHEY'S CURRENT RATINGS * HERSHEY CO - AGREEMENT HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES * HERSHEY CO - ACQUISITION IS NOT EXPECTED TO AFFECT PREVIOUSLY ANNOUNCED FULL YEAR 2017 OUTLOOKS PROVIDED IN HERSHEY'S & AMPLIFY'S Q3 EARNINGS RELEASE * HERSHEY CO - ANNUAL RUN-RATE SYNERGIES OF ABOUT $20 MILLION EXPECTED TO BE GENERATED OVER NEXT 2 YEARS FROM COST SAVINGS AND PORTFOLIO OPTIMIZATION Source text for Eikon: ID:nGNXOKANIa Further company coverage: HSY.N (((Bangalore.newsroom@thomsonreuters.com);))