€4.57 0.0 0.0%
Last Trade - 05/03/21
Market Cap | £71.4m |
Enterprise Value | £137.3m |
Revenue | £201.4m |
Position in Universe | 389th / 730 |
Dec 7 (Reuters) - ATS Automation Tooling Systems Inc ATA.TO : * ATS LAUNCHES VOLUNTARY TENDER OFFER FOR GLOBAL FOOD & BEVERAGE EQUIPMENT SUPPLIER CFT S.P.A. * ATS AUTOMATION TOOLING SYSTEMS - TENDER OFFER OF EUR 4.60 PER SHARE REPRESENTS TOTAL EQUITY VALUE OF EUR 88 MILLION, TOTAL ENTERPRISE VALUE OF EUR 166 MILLION * ATS AUTOMATION TOOLING SYSTEMS INC - EXPECTS TO ACHIEVE APPROXIMATELY EUR 7 MILLION IN ANNUAL COST SYNERGIES WITHIN THREE YEARS OF CLOSING * ATS AUTOMATION TOOLING SYSTEMS - ATS ALSO EXPECTS REVENUE SYNERGIES TO GENERATE ABOUT EUR 7 MILLION OF EBITDA WITHIN 3 YRS FROM JOINT PRODUCT DEVELOPMENT * ATS AUTOMATION TOOLING SYSTEMS - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO ATS' EARNINGS AND CASH FLOW PER SHARE IN FIRST YEAR FOLLOWING ACQUISITION * ATS AUTOMATION TOOLING SYSTEMS - ATS IS TARGETING A DOUBLE-DIGIT RETURN ON INVESTED CAPITAL (ROIC) BY THIRD YEAR FOLLOWING COMPLETION OF ACQUISITION * ATS AUTOMATION TOOLING SYSTEMS - TENDER OFFER LAUNCHED BY ATS AUTOMATION HOLDINGS ITALY S.R.L. TO BUY 100% OF CFT'S OUTSTANDING SHARES,VOTING RIGHTS Source text for Eikon: ID:nCNWZ8Z3Wa Further company coverage: ATA.TO ((Reuters.Briefs@thomsonreuters.com;))