Brief: Kadant To Acquire Key Knife

Kadant

28/12/2023 21:48

Dec 28 (Reuters) - Kadant Inc  KAI.N :
    * KADANT TO ACQUIRE KEY KNIFE, INC.
    * KADANT INC - PROPOSED DEAL FOR APPROXIMATELY $156 MILLION
IN
CASH
    * KADANT INC - PROPOSED DEAL WILL BE FINANCED PRIMARILY
THROUGH
BORROWINGS UNDER KADANT'S REVOLVING CREDIT FACILITY
    * KADANT INC-  KEY KNIFE WILL BECOME PART OF KADANT'S
INDUSTRIAL
PROCESSING REPORTING SEGMENT

Source text for Eikon:  ID:nGNX5QgM8N 
Further company coverage:  KAI.N 

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