Brief: Clearfield To Acquire Nestor Cables, A Leading European Developer And Manufacturer Of Fiber Optic Cable Solutions

Clearfield

17/05/2022 11:57

May 17 (Reuters) - Clearfield Inc  CLFD.O :
    * CLEARFIELD TO ACQUIRE NESTOR CABLES, A LEADING EUROPEAN DEVELOPER AND
MANUFACTURER OF FIBER OPTIC CABLE SOLUTIONS
    * CLEARFIELD INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO CLEARFIELD
EARNINGS
    * CLEARFIELD INC - VALUE OF TRANSACTION INCLUDING FEES IS APPROXIMATELY US
$23
MILLION
    * CLEARFIELD INC - CLEARFIELD EXPECTS TO FUND ACQUISITION THROUGH ITS CREDIT
FACILITY
    * CLEARFIELD INC - UPON CLOSE OF TRANSACTION, NESTOR WILL BE OPERATED AS A
SUBSIDIARY OF CLEARFIELD

Source text for Eikon:  ID:nGNX8jMzYn 
Further company coverage:  CLFD.O 

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