Brief: Dorman Products To Acquire Dayton Parts

Dorman Products

28/06/2021 24:04

June 27 (Reuters) - Dorman Products Inc  DORM.O :
    * DORMAN PRODUCTS, INC. TO ACQUIRE DAYTON PARTS
    * DORMAN - SIGNED DEFINITIVE AGREEMENT TO ACQUIRE DAYTON
PARTS,
LEADING INDEPENDENT HEAVY-DUTY UNDERCARRIAGE AFTERMARKET
COMPONENT SUPPLIER FOR $338 MILLION
    * DORMAN - IN CONNECTION WITH THE TRANSACTION, DORMAN
EXPECTS TO
ENTER INTO A NEW $600 MILLION REVOLVING CREDIT FACILITY
    * ACQUISITION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO
ADJUSTED
DILUTED EARNINGS PER SHARE
    * UNTIL TRANSACTION CLOSES, BOTH COMPANIES WILL OPERATE
INDEPENDENTLY AND EXECUTE ON THEIR RESPECTIVE STRATEGIC
PRIORITIES
    * IN CONNECTION WITH TRANSACTION, DORMAN EXPECTS TO ENTER
INTO A
NEW $600 MILLION REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nGNX62KWyW 
Further company coverage:  DORM.O 

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