Brief: ESAB Corporation Acquires Ohio Medical

ESAB

17/10/2022 11:32

Oct 17 (Reuters) - ESAB Corp  ESAB.N :
    * ESAB CORPORATION ACQUIRES OHIO MEDICAL
    * ESAB CORP - PROPOSED DEAL FOR FOR A CASH PURCHASE PRICE OF
$127
MILLION
    * ESAB CORP- COMPANY FINANCED ACQUISITION USING CASH ON HAND
AND
EXPECTS ITS NET LEVERAGE RATIO TO BE LESS THAN 3X AT END OF 2022
    * ESAB CORP - ACQUISITION IS EXPECTED TO BE ADJUSTED EPS
ACCRETIVE
TO ESAB IN FIRST YEAR
    * ESAB CORP- ACQUISITION  EXPECTS ADDITIONAL CASH TAX
BENEFIT WITH
A NET PRESENT VALUE OF $15 MILLION ACQUISITION

Source text for Eikon:  ID:nBwcK0c3a 
Further company coverage:  ESAB.N 
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