Brief: Dolby Laboratories Announces Agreement to Acquire GE Licensing from GE Aerospace

Dolby Laboratories

06/06/2024 13:43

June 6 (Reuters) - Dolby Laboratories Inc  DLB.N :
    * DOLBY LABORATORIES ANNOUNCES AGREEMENT TO ACQUIRE GE
LICENSING
FROM GE AEROSPACE
    * DOLBY LABORATORIES INC - PROPOSED DEAL FOR $429 MILLION
ALL CASH
TRANSACTION
    * DOLBY LABORATORIES INC - DOLBY EXPECTS DEAL TO BE
ACCRETIVE ON A
NON GAAP BASIS TO OPERATING MARGINS AND EPS IN FISCAL 2025.
    * DOLBY LABORATORIES INC - TRANSACTION IS NOT EXPECTED TO
AFFECT
DOLBY'S PRACTICE OF RETURNING CAPITAL TO STOCKHOLDERS THROUGH
ITS QUARTERLY DIVIDEND

Source text for Eikon:  ID:nPn3hplwja 
Further company coverage:  DLB.N 

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