Brief: Hexatronic Signs Agreement To Buy U.S.-Based Rochester Cable

Hexatronic AB

03/10/2022 13:34

Oct 3 (Reuters) - Hexatronic Group AB  HTRO.ST :
    * HEXATRONIC SIGNS AGREEMENT TO ACQUIRE U.S.-BASED ROCHESTER
CABLE
FROM TE CONNECTIVITY
    * ACQUISITION FOR AN ENTERPRISE VALUE OF USD 55 MILLION
    * DEAL FULLY FINANCED WITH SENIOR DEBT
    * Q2 PRO FORMA NET DEBT-TO-EBITDA RATIO FOR HEXATRONIC
GROUP,
INCLUDING ROCHESTER CABLE AND PREVIOUSLY ANNOUNCED TRANSACTIONS,
IS EXPECTED TO BE ABOUT 2.0.
    * COMPLETION OF TRANSACTION IS EXPECTED NO LATER THAN MARCH
31,
2023

Source text for Eikon:  ID:nGNE6m4CJJ 
Further company coverage:  HTRO.ST 
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