Church & Dwight Co Inc logo

CHD - Church & Dwight Co Inc News Story

$88.55 -0.1  -0.1%

Last Trade - 14/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £15.41bn
Enterprise Value £16.80bn
Revenue £3.53bn
Position in Universe 552nd / 6846

BRIEF-Church & Dwight To Acquire Flawless Brand For $475 Mln

Thu 28th March, 2019 11:09am
March 28 (Reuters) - Church & Dwight Co Inc  CHD.N :
    * CHURCH & DWIGHT TO ACQUIRE FLAWLESS BRAND FOR $475 MILLION
PLUS
EARN-OUT
    * CHURCH & DWIGHT CO INC - DEAL FOR APPROXIMATELY $475
MILLION IN
CASH PLUS AN ADDITIONAL EARN-OUT PAYMENT OF UP TO A MAXIMUM OF
$425 MILLION
    * CHURCH & DWIGHT CO INC - IN 2019, WE CONTINUE TO EXPECT
APPROXIMATELY 7-9% ADJUSTED EPS GROWTH
    * CHURCH & DWIGHT CO INC - ACQUISITION IS EXPECTED TO
INCREASE
2019 CASH EARNINGS BY 4%
    * CHURCH & DWIGHT - DEAL WILL BE FINANCED AT CLOSING WITH
DEBT, IS
EXPECTED TO BE NEUTRAL TO 2019 REPORTED EPS, NET OF TRANSITION
COSTS
    * CHURCH & DWIGHT - DURING SHORT-TERM, CO DOES NOT EXPECT
MATERIAL
SYNERGIES FROM DEAL AS A MULTI-YEAR SERVICE AGREEMENT IS IN
PLACE

Source text for Eikon:  ID:nBw1wBGsca 
Further company coverage:  CHD.N 

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