Brief: Franklin Electric Co Inc Says Acquired New Aqua, LLC And Its Wholly Owned Subsidiaries

FRANKLIN ELECTRIC

17/05/2021 16:10

May 17 (Reuters) - Franklin Electric Co Inc  FELE.O :
    * FRANKLIN ELECTRIC CO INC -  ACQUIRED NEW AQUA, LLC AND ITS
WHOLLY OWNED SUBSIDIARIES IN AN ALL-CASH TRANSACTION VALUED AT
$150 MILLION
    * FRANKLIN ELECTRIC CO INC - TRANSACTION IS EXPECTED TO BE
ACCRETIVE TO EPS IN 2021 IN RANGE OF $0.04 TO $0.06 PER SHARE
    * FRANKLIN ELECTRIC CO INC -  AS RESULT OF DEAL, REVISED FY
2021
EPS BEFORE RESTRUCTURING EXPENSES GUIDANCE TO BE IN RANGE FROM
$2.85 TO $3.05

Source text for Eikon:  ID:nGNXcwsWB 
Further company coverage:  FELE.O 

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