Brief: LSI Industries Acquires JSI Store Fixtures

LSI Industries

24/05/2021 22:31

May 24 (Reuters) - LSI Industries Inc  LYTS.O :
    * LSI INDUSTRIES ACQUIRES JSI STORE FIXTURES, CREATING
LEADING
COMMERCIAL LIGHTING AND DISPLAY SOLUTIONS COMPANY
    * LSI INDUSTRIES INC - ANNOUNCED ACQUISITION OF PRIVATELY
HELD JSI
STORE FIXTURES FROM RFE INVESTMENT PARTNERS FOR A CASH PURCHASE
PRICE OF $90 MILLION.
    * LSI INDUSTRIES INC - FUNDED ALL-CASH ACQUISITION OF JSI
UTILIZING ITS EXISTING CASH BALANCE AND AVAILABILITY UNDER ITS
$100 MILLION CREDIT FACILITY.
    * LSI INDUSTRIES INC - UPON CLOSING, TRANSACTION WILL BE
IMMEDIATELY ACCRETIVE TO LSI ON AN ADJUSTED EARNINGS PER SHARE
BASIS.

Source text for Eikon:  ID:nGNX4Tjc0j 
Further company coverage:  LYTS.O 

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