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BETR - Amplify Snack Brands Inc News Story

$12 0.0  0.0%

Last Trade - 30/01/18

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £266.8m
Position in Universe th / 6715

BRIEF-Hershey To Acquire Amplify Snack Brands For $1.6 Bln

Mon 18th December, 2017 12:01pm
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  
 
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