Brief: MGP Ingredients Announces Definitive Merger Agreement With Luxco

MGP Ingredients

25/01/2021 13:46

Jan 25 (Reuters) - MGP Ingredients Inc  MGPI.O :
    * MGP INGREDIENTS, INC. ANNOUNCES DEFINITIVE MERGER
AGREEMENT WITH
LUXCO
    * MGP INGREDIENTS INC - LUXCO SHAREHOLDERS WILL RECEIVE
AGGREGATE
CASH CONSIDERATION OF $238 MILLION IN DEAL
    * MGP INGREDIENTS INC - LUXCO SHAREHOLDERS WILL ALSO RECEIVE
5.0
MILLION SHARES OF MGP COMMON STOCK
    * MGP INGREDIENTS INC - CASH PORTION OF PURCHASE PRICE WILL
BE
FINANCED BY BORROWINGS UNDER MGP'S EXISTING REVOLVING CREDIT
FACILITY
    * MGP INGREDIENTS INC - TRANSACTION IS ANTICIPATED TO BE
COMPLETED
DURING FIRST HALF OF 2021
    * MGP INGREDIENTS INC -  DEALFINANCIALLY ATTRACTIVE AND
SIGNIFICANTLY DIVERSIFIES MGP BUSINESS

Source text for Eikon:  ID:nGNX6yk6V0 
Further company coverage:  MGPI.O 

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