Brief: Arko Corp. Announces Agreement To Acquire Pride Convenience Holdings, Llc, A Leading Regional Convenience Store Operator

Arko.

24/10/2022 13:47

Oct 24 (Reuters) - Arko Corp.  ARKO.O :
    * ARKO CORP. ANNOUNCES AGREEMENT TO ACQUIRE PRIDE
CONVENIENCE
HOLDINGS, LLC, A LEADING REGIONAL CONVENIENCE STORE OPERATOR
    * ARKO CORP. - TOTAL PURCHASE PRICE FOR PRIDE IS
APPROXIMATELY
$230 MILLION PLUS VALUE OF INVENTORY
    * ARKO CORP. - AT CLOSING, INTENDS TO FINANCE FROM ITS OWN
SOURCES
ABOUT $28 MILLION OF CASH CONSIDERATION PLUS VALUE OF
INVENTORY,OTHER CLOSING ADJUSTMENTS
    * ARKO CORP. - EXPECTS THAT ACQUISITION WILL ADD
APPROXIMATELY
$12.2 MILLION OF ADJUSTED EBITDA ON AN ANNUAL RUN RATE INCLUDING
SYNERGIES

Source text for Eikon:  ID:nGNX478Sdg 
Further company coverage:  ARKO.O 
 ((Reuters.Briefs@thomsonreuters.com;))