Brief: Linamar Corporation Announces The Acquisition Of Salford Group
28/04/2022 01:24
April 27 (Reuters) - Linamar Corp LNR.TO :
* ANNOUNCES THE ACQUISITION OF SALFORD GROUP IN A
SIGNIFICANT
EXPANSION OF ITS AGRICULTURE PORFOLIO
* ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF ISSUED AND
OUTSTANDING EQUITY OF SALFORD GROUP OF COMPANIES
* INTENDS TO USE FUNDS AVAILABLE THROUGH ITS EXISTING CREDIT
FACILITIES TO COMPLETE TRANSACTION
* UNDER TERMS OF AGREEMENT, LINAMAR WILL PAY APPROXIMATELY
CAD
$260 MILLION TO SALFORD GROUP'S SHAREHOLDERS
Source text for Eikon: ID:nCNWXTFQda
Further company coverage: LNR.TO
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