Brief: Focus Financial Partners To Merge Loring Ward With Buckingham Family Of Financial Services

Focus Financial Partners

27/09/2018 22:52

Sept 27 (Reuters) - Focus Financial Partners Inc  FOCS.O :
    * FOCUS FINANCIAL PARTNERS INC - TERMS OF TRANSACTION
INCLUDE CASH
CONSIDERATION OF $117.5 MILLION AND $117.5 MILLION IN FOCUS
CLASS A COMMON STOCK
    * FOCUS FINANCIAL PARTNERS - CASH CONSIDERATION WILL BE
FUNDED BY
A COMBINATION OF EXISTING CASH AND BORROWINGS UNDER FOCUS'
REVOLVING CREDIT FACILITY
    * FOCUS FINANCIAL PARTNERS - ON ADJUSTED NET INCOME PER
SHARE
BASIS, DEAL EXPECTED TO BE ACCRETIVE TO FOCUS SHAREHOLDERS
IMMEDIATELY AFTER CLOSING
    * FOCUS FINANCIAL PARTNERS ANNOUNCES MERGER OF LORING WARD
WITH
BUCKINGHAM FAMILY OF FINANCIAL SERVICES
    * FOCUS FINANCIAL PARTNERS - ALSO EXPECTS TO REALIZE REVENUE
&
COST SYNERGIES THROUGH A COMBINATION OF OPERATIONAL AND
INTEGRATION-RELATED ACTIVITIES.

Source text for Eikon:  ID:nGNX7DMNWN 
Further company coverage:  FOCS.O 

 (Reuters.Briefs@thomsonreuters.com)