Enerpac Tool Group jumps on $472 million SFE Group deal
07/07/2026 23:31
BUZZ-Enerpac Tool Group jumps on $472 million SFE Group deal ** Shares of industrial tool manufacturer Enerpac Tool Group EPAC.N up 7.84% at $37 after the bell
** EPAC to buy SFE Group for about $472 million in cash
** Deal to be accretive to fiscal 2027 adjusted EPS; expected to close in the first quarter of fiscal 2027
** Deal to be funded with cash on hand and borrowings under the co's senior credit facility
** As of last close, stock down 10.28% YTD
(Reporting by Zakia Mariyam in Bengaluru)
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