Brief: Lassonde Industries Announces Agreement To Acquire Zidian Group For $235 Mln

Lassonde Industries

21/06/2024 05:27

June 21 (Reuters) - Lassonde Industries Inc  LASa.TO :
    * . ANNOUNCES AGREEMENT TO ACQUIRE U.S.-BASED SUMMER GARDEN
FOOD
MANUFACTURING
    * DEAL FOR A CONSIDERATION OF US$235.0 MILLION, PAYABLE AT
CLOSING
    * FURTHER AMOUNT OF UP TO US$45.0 MILLION MAY BE PAYABLE
OVER NEXT
THREE YEARS
    * LASSONDE INDUSTRIES - FURTHER AMOUNT OF UP TO US$45.0
MILLION
MAY BE PAYABLE OVER NEXT THREE YEARS, SHOULD CERTAIN FINANCIAL
TARGETS BE ACHIEVED
    * TRANSACTION IS EXPECTED TO BE ACCRETIVE TO MARGINS AND
EARNINGS
BEFORE SYNERGY CONSIDERATIONS
    * TRANSACTION STRUCTURE WILL ALLOW CORPORATION TO GENERATE A
BENEFIT AMOUNTING TO APPROXIMATELY US$30.0 MILLION
    * LASSONDE INDUSTRIES - TRANSACTION IS NOT SUBJECT TO A
FINANCING
CONDITION AND WILL BE FINANCED THROUGH CORPORATION'S AVAILABLE
CREDIT FACILITIES

Source text for Eikon:  ID:nCNWJd7Tfa 
Further company coverage:  LASa.TO 

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