Brief: H2O Innovation To Buy Genesys

H2O Innovation

28/10/2019 20:52

Oct 28 (Reuters) - H2O Innovation Inc  HEO.V :
    * H2O INNOVATION EXPANDS ITS SPECIALTY PRODUCTS BUSINESS
PILLAR
AND BUILDS ONE OF THE LARGEST GLOBAL SPECIALTY CHEMICALS
DISTRIBUTION NETWORKS BY ACQUIRING GENESYS, AND ANNOUNCES AN
EQUITY OFFERING OF SUBSCRIPTION RECEIPTS OF AT LEAST $22.0 M
    * H2O INNOVATION INC -  TRANSACTION EXPECTED TO BE
IMMEDIATELY
ACCRETIVE TO ADJUSTED. EBITDA, NET EARNINGS BEFORE ACQUISITION
COSTS
    * H2O INNOVATION INC - ACQUISITION TO BE FINANCED THROUGH
COMMITTED CREDIT FACILITY AS WELL AS PROCEEDS FROM AN EQUITY
OFFERING
    * H2O INNOVATION - PURCHASE PRICE OF ACQUISITION WAS
ESTABLISHED
AT £16.95 MILLION ($28.39 MILLION) ON A CASH-FREE, DEBT-FREE
BASIS

Source text for Eikon:  ID:nGNX54fWGs 
Further company coverage:  HEO.V 

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