Brief: Mercer International Inc. To Acquire Holzindustrie Torgau

Mercer International

22/07/2022 15:48

July 22 (Reuters) - Mercer International Inc  MERC.O :
    * MERCER INTERNATIONAL INC. TO ACQUIRE HOLZINDUSTRIE TORGAU
("HIT")  SIGNIFICANTLY EXPANDING ITS SOLID WOOD OPERATIONS
    * MERCER INTERNATIONAL INC - PROPOSED DEAL FOR CONSIDERATION
OF
EUR 270 MILLION INCLUSIVE OF FORECASTED NET WORKING CAPITAL OF
APPROXIMATELY EUR 43 MILLION
    * MERCER INTERNATIONAL INC - TRANSACTION IS IMMEDIATELY
ACCRETIVE
    * MERCER INTERNATIONAL INC - INTEND TO SATISFY PAYMENT OF
PURCHASE
PRICE USING OUR EXISTING CASH ON HAND AND/OR OUR REVOLVING
CREDIT FACILITIES
    * MERCER INTERNATIONAL INC - TRANSACTION IS STRUCTURED ON A
"CASH
FREE AND DEBT FREE" BASIS
    * MERCER INTERNATIONAL INC - BELIEVE DEAL CAN GENERATE
OPERATING
SYNERGIES OF ABOUT $16 MILLION PER YEAR, REALIZABLE WITHIN 6 TO
12 MONTHS OF OWNERSHIP

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX1jGNVD
Further company coverage:  MERC.O 

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