Brief: John B. Sanfilippo & Son, Inc. To Acquire Assets From Treehouse Foods

John B Sanfilippo & Son

06/09/2023 12:03

Sept 6 (Reuters) - John B Sanfilippo & Son Inc  JBSS.O :
    * JOHN B. SANFILIPPO & SON, INC. TO ACQUIRE ASSETS FROM
TREEHOUSE
FOODS
    * JOHN B SANFILIPPO & SON INC - PROPOSED DEAL FOR $63.0
MILLION
    * JOHN B SANFILIPPO & SON INC - PROPOSED DEAL FOR FOR
APPROXIMATELY $63.0 MILLION DOLLARS IN CASH, SUBJECT TO CERTAIN
ADJUSTMENTS
    * JOHN B SANFILIPPO & SON : TRANSACTION IS EXPECTED TO BE
DILUTIVE
TO EARNINGS PER SHARE FOR NEXT TWELVE TO FIFTEEN MONTHS AFTER
CLOSING OF ACQUISITION
    * JOHN B SANFILIPPO & SON- PURCHASE PRICE FOR ACQUISITION
WILL BE
FUNDED FROM EXCESS AVAILABILITY UNDER OUR CURRENT BANK CREDIT
FACILITY
    * JOHN B SANFILIPPO & SON- ACQUISITION OF BARS BUSINESS UNIT
IS
EXPECTED TO ADD ABOUT $105 TO $120 MILLION IN INCREMENTAL NET
SALES DURING REMAINDER OF 2024
    * JOHN B SANFILIPPO & SON : EXPECTED DILUTION FOR REMAINDER
OF OUR
2024 FISCAL YEAR IS TO RANGE BETWEEN $0.80 TO $1.00 PER DILUTED
SHARE

Source text for Eikon:  ID:nBw620NYGa 
Further company coverage:  JBSS.O 

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