Brief: Dorman Products to acquire Superatv, a leading supplier to the powersports aftermarket

Dorman Products

18/08/2022 13:08

Aug 18 (Reuters) - Dorman Products Inc  DORM.O :
    * DORMAN PRODUCTS TO ACQUIRE SUPERATV, A LEADING SUPPLIER TO
THE
POWERSPORTS AFTERMARKET
    * DORMAN PRODUCTS TO ACQUIRE SUPERATV, A LEADING SUPPLIER TO
THE
POWERSPORTS AFTERMARKET
    * DORMAN PRODUCTS INC - TRANSACTION VALUE BEFORE EARN-OUT IS
APPROXIMATELY $445 MILLION
    * DORMAN PRODUCTS - IN CONNECTION WITH TRANSACTION, EXPECTS
TO
OBTAIN A $500 MILLION INCREMENTAL CREDIT FACILITY UNDER TERMS OF
EXISTING CREDIT AGREEMENT
    * DORMAN PRODUCTS INC - TRANSACTION IS EXPECTED TO BE
IMMEDIATELY
ACCRETIVE TO MARGINS AND ADJUSTED DILUTED EARNINGS PER SHARE
    * DORMAN PRODUCTS INC - TO ACQUIRE SUPERATV FOR $490 MILLION
IN
CASH AT CLOSING, PLUS A TWO-YEAR EARN-OUT OF UP TO $100 MILLION

Source text for Eikon:  ID:nGNX9GL7T2 
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