Brief: Dynatronics to acquire Hausmann Industries for $10 mln

Dynatronics

22/03/2017 12:30

March 22 (Reuters) - Dynatronics Corp  DYNT.O - 
    * Purchase price is approximately $10.0 million in cash 
    * Dynatronics announces agreement to acquire Hausmann 
Industries 
    * Transaction will be immediately accretive to Dynatronics' 
adjusted earnings and operating cash flow 
    * Post-transaction, Dynatronics expects combined company to 
be cash flow positive 
    * Dynatronics also expects certain one-time costs from 
integration 
    * Dynatronics plans to fund acquisition of Hausmann through 
an asset-based lending facility 
    * Co also plans to fund acquisition of Hausmann through 
issuance of $7.8 million of equity securities in a private 
placement 
 
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