Brief: De‘ Longhi To Acquire Capital Brands For USD 420 Mln

De Longhi SpA

23/11/2020 06:13

Nov 23 (Reuters) - De' Longhi SpA  DLG.MI :
    * DE' LONGHI HAS REACHED A DEFINITIVE AGREEMENT WITH
AFFILIATES OF
CENTRE LANE PARTNERS TO ACQUIRE CAPITAL BRANDS HOLDINGS INC
    * DEAL FOR APPROX $ 420 MILLION
    * TRANSACTION CONSIDERATION WILL BE PAID BY DRAWING ON DE’
LONGHI
GROUP'S EXISTING LIQUIDITY RESERVES
    * ACQUISITION IS EXPECTED TO  BE ACCRETIVE TO DE' LONGHI
FROM NEXT
YEAR
    * CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE BEFORE
END OF
2020

Source text for Eikon:  ID:nBIA3cPJFH 
Further company coverage:  DLG.MI 

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