Brief: Ennis To Merge Wright Business Graphics With Wholly Owned Entity Of Ennis

Ennis

17/07/2018 11:04

July 17 (Reuters) - Ennis Inc  EBF.N :
    * PRESS RELEASE - ENNIS EXECUTES AGREEMENT TO MERGE WRIGHT
BUSINESS GRAPHICS, INC. OF PORTLAND, OREGON INTO A WHOLLY OWNED
ENTITY OF ENNIS
    * ENNIS EXECUTES AGREEMENT TO MERGE WRIGHT BUSINESS
GRAPHICS, INC.
OF PORTLAND, OREGON INTO A WHOLLY OWNED ENTITY OF ENNIS
    * ENNIS INC - COMPANY BELIEVES TRANSACTION WILL BE ACCRETIVE
TO
ITS SHAREHOLDERS
    * ENNIS INC - PURCHASE PRICE WILL BE PAID 55% IN CASH AND
45% IN
STOCK
    * ENNIS INC - ALL OF FACILITIES WILL CONTINUE THEIR NORMAL
OPERATIONS IN THEIR CURRENT LOCATIONS
    * ENNIS INC - DAN ADKISON WILL CONTINUE IN HIS CURRENT ROLE
AS
PRESIDENT/COO OF WRIGHT BUSINESS GRAPHICS
    * ENNIS INC - OPERATIONS WILL CONTINUE TO OPERATE AS WRIGHT
BUSINESS GRAPHICS & RELATED BRAND NAMES

Source text for Eikon:  ID:nBw37P1Fka 
Further company coverage:  EBF.N 

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