Brief: Linamar Acquires Seeding Expert Bourgault Industries

Linamar

20/12/2023 22:52

Dec 20 (Reuters) - Linamar Corp  LNR.TO :
    * LINAMAR ACQUIRES SEEDING EXPERT BOURGAULT INDUSTRIES,
SIGNIFICANTLY BOLSTERING ITS AGRICULTURE BUSINESS
    * LINAMAR CORP - TRANSACTION, REPRESENTING PURCHASE OF 100%
OF
EQUITY INTEREST OF BOURGAULT, IS FOR CAD $640 MILLION
    * LINAMAR CORP - BOURGAULT WILL BECOME PART OF A NEW LINAMAR
AGRICULTURE DIVISION WITHIN BROADER INDUSTRIAL SEGMENT
    * LINAMAR CORP - NEW AGRICULTURE GROUP WILL CONTINUE TO
OPERATE
SHORTLINE BRANDS OF MACDON, SALFORD, AND BOURGAULT INDEPENDENTLY
    * LINAMAR CORP - ACQUISITION INCLUDES BOURGAULT'S HIGHLINE
MANUFACTURING DIVISION
    * LINAMAR CORP - NEW TERM LOAN FACILITY WILL FUND
ACQUISITION
UNDER SIMILAR TERMS AND CONDITIONS AS LINAMAR'S EXISTING
REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nCNWfH4G0a 
Further company coverage:  LNR.TO 

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