Brief: Bulten Buys PSM International

Bulten AB

20/12/2019 14:45

Dec 20 (Reuters) - Bulten AB  BULTEN.ST :
    * BULTEN STRENGTHENS ITS POSITION IN ASIA AND NORTH AMERICA THROUGH THE ACQUISITION OF PSM
INTERNATIONAL
    * PURCHASE PRICE AMOUNTS TO USD 24.5 MILLION (SEK 230 MILLION) ON CASH-FREE AND DEBT-FREE
BASIS
    * ACQUISITION IS EXPECTED TO BE COMPLETED DURING Q1 OF 2020
    * TRANSACTION COSTS IN RELATION TO ACQUISITION IS ESTIMATED TO SEK 12 MILLION
    * TRANSACTION IS EXPECTED TO HAVE A POSITIVE CONTRIBUTION TO BULTEN'S DEVELOPMENT AND
EARNINGS
    * SEES DEAL TO RESULT IN SUBSTANTIAL IMPROVEMENT OF EARNINGS PER SHARE DURING 2020 AND
ONWARDS

Source text for Eikon:  ID:nWkr1hV4XK 
Further company coverage:  BULTEN.ST 

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