Brief: Astronova Acquires Astro Machine, A Leader In Printing Technology

AstroNova

09/08/2022 12:36

Aug 9 (Reuters) - AstroNova Inc  ALOT.O :
    * ASTRONOVA ACQUIRES ASTRO MACHINE, A LEADER IN PRINTING TECHNOLOGY FOR
LABELING
AND MAILING APPLICATIONS
    * ASTRONOVA INC - PROPOSED DEAL FOR PURCHASE PRICE OF $17.1 MILLION IN CASH
    * ASTRONOVA INC - PROPOSED DEAL FOR TRANSACTION WAS FUNDED WITH BORROWINGS
FROM AN
AMENDED VERSION OF COMPANY'S EXISTING SENIOR BANK DEBT FACILITIES
    * ASTRONOVA INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO EARNINGS IN
CURRENT
FISCAL YEAR

Source text for Eikon:  ID:nBw7gHYqca 
Further company coverage:  ALOT.O 

 ((Reuters.Briefs@thomsonreuters.com;))