Brief: Mgp Ingredients To Acquire Penelope Bourbon

MGP Ingredients

08/05/2023 16:06

May 8 (Reuters) - MGP Ingredients Inc  MGPI.O :
    * MGP INGREDIENTS TO ACQUIRE PENELOPE BOURBON
    * MGP INGREDIENTS INC - UPFRONT CONSIDERATION FOR DEAL IS
$105.0
MILLION IN CASH TO BE PAID AT CLOSING
    * MGP INGREDIENTS - DEAL EXPECTED TO BE IMMEDIATELY
ACCRETIVE TO
BRANDED SPIRITS SEGMENT GROSS MARGIN AND CONSOLIDATED ADJUSTED
BASIC EPS AFTER CLOSE
    * MGP INGREDIENTS INC - DEAL HAS FURTHER POTENTIAL EARN-OUT
CONTINGENT CONSIDERATION OF UP TO $110.8 MILLION MEASURED
THROUGH DECEMBER 31, 2025
    * MGP INGREDIENTS INC - DEAL EXPECTED TO BE IMMEDIATELY
ACCRETIVE
TO BRANDED SPIRITS SEGMENT GROSS MARGIN AND CONSOLIDATED
ADJUSTED BASIC EPS AFTER CLOSE