Brief: Eastern Co Acquires Big 3 Precision For $81.7 Million From TVV Capital

Eastern

03/09/2019 16:21

Sept 3 (Reuters) - Eastern Co  EML.O :
    * EASTERN CO - ACQUIRED 100% OF OUTSTANDING SHARES OF BIG 3
PRECISION PRODUCTS, AND BIG 3 PRECISION MOLD SERVICES FOR $81.7
MILLION FROM TVV CAPITAL
    * EASTERN CO - TRANSACTION EXPECTED TO BE ACCRETIVE BY AT
LEAST
$0.40 TO FY 2020 EPS
    * EASTERN CO - TO FUND TRANSACTION, EASTERN HAS REFINANCED
EXISTING CREDIT AGREEMENT WITH NEW $100 MILLION TERM LOAN AND
$20 MILLION REVOLVING CREDIT FACILITY

Source text: (http://bit.ly/2zObcIy)
Further company coverage:  EML.O 

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