Brief: Mayville Engineering Company Announces Definitive Agreement To Acquire Mid-States Aluminum Corp

Mayville Engineering

20/06/2023 11:20

June 20 (Reuters) - Mayville Engineering Company Inc
 MEC.N :
    * MAYVILLE ENGINEERING COMPANY ANNOUNCES DEFINITIVE
AGREEMENT TO
ACQUIRE MID-STATES ALUMINUM CORP.
    * MAYVILLE ENGINEERING COMPANY INC: ACQUISITION EXPECTED TO
BE
IMMEDIATELY ACCRETIVE
    * MAYVILLE ENGINEERING COMPANY INC - PROPOSED DEAL FOR A
TOTAL
CONSIDERATION OF APPROXIMATELY $96 MILLION
    * MAYVILLE ENGINEERING COMPANY INC: ACQUISITION IS EXPECTED
TO
CLOSE DURING Q3 2023
    * MAYVILLE ENGINEERING COMPANY INC: ANTICIPATE SIGNIFICANT
SYNERGIES TO RESULT FROM TRANSACTION
    * MAYVILLE ENGINEERING: INTENDS TO FUND DEAL WITH AMENDMENT
TO ITS
EXISTING CREDIT AGREEMENT THAT INCREASES REVOLVING CREDIT
FACILITY SIZE TO $250 MILLION

Source text for Eikon:  ID:nBw1Cbbvza 
Further company coverage:  MEC.N 

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