Brief: Arko Corp Announces Acquisition Of Uncle’S Convenience Stores From WTG Fuels

Arko.

07/12/2022 12:27

Dec 7 (Reuters) - Arko Corp.  ARKO.O :
    * ARKO CORP. CONTINUES ITS ACCRETIVE M&A GROWTH STRATEGY AND
ANNOUNCES FOURTH ACQUISITION OF 2022 WITH AGREEMENT TO ACQUIRE
UNCLE’S CONVENIENCE STORES FROM WTG FUELS
    * ARKO CORP. - TOTAL PURCHASE PRICE FOR WTG IS APPROXIMATELY
$140.4 MILLION PLUS VALUE OF INVENTORY AT CLOSING.
    * ARKO CORP. - EXPECTS THAT THIS ACQUISITION WILL ADD
APPROXIMATELY $10.6 MILLION OF ADJUSTED EBITDA ON AN ANNUAL RUN
RATE
    * ARKO CORP. - INTENDS TO FINANCE FROM ITS OWN SOURCES
APPROXIMATELY $25.4 MILLION OF CASH CONSIDERATION PLUS VALUE OF
INVENTORY ,OTHER CLOSING ADJUSTMENTS
    * ARKO CORP. - REMAINING APPROXIMATELY $115 MILLION IS
EXPECTED TO
BE FUNDED BY OAK STREET REAL ESTATE CAPITAL

Source text for Eikon:  ID:nGNX30mVhh 
Further company coverage:  ARKO.O 
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