Brief: Bel Announces Agreement To Acquire Enercon Technologies For $400 Mln

Bel Fuse

19/09/2024 02:23

Sept 18 (Reuters) - Bel Fuse Inc  BELFA.O :
    * BEL ANNOUNCES AGREEMENT TO ACQUIRE ENERCON TECHNOLOGIES
    * BEL FUSE INC - TO ACQUIRE MAJORITY STAKE IN ENERCON FOR
$400
MILLION
    * BEL FUSE INC  - EXPECTED TO BE ACCRETIVE TO BEL'S GAAP EPS
WITHIN ONE-YEAR POST-CLOSE, AND TO BEL'S NON-GAAP EPS ON DAY 1
    * BEL FUSE INC: INTENDS TO FINANCE ACQUISITION WITH CASH ON
HAND &
EXPANSION OF EXISTING CREDIT FACILITY.

Source text for Eikon:  ID:nGNX2pLcZk 
Further company coverage:  BELFA.O 

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