Brief: MSC Industrial Supply Co Acquires Tower Fasteners

MSC Industrial Direct

03/08/2022 14:08

Aug 3 (Reuters) - MSC Industrial Direct Co Inc  MSM.N :
    * MSC INDUSTRIAL SUPPLY CO. ACQUIRES TOWER FASTENERS
    * MSC INDUSTRIAL DIRECT CO INC - UNDER EQUITY PURCHASE
AGREEMENT,
TOWER WILL CONTINUE TO OPERATE UNDER ITS CURRENT NAME AFTER
BECOMING AN MSC COMPANY
    * MSC INDUSTRIAL DIRECT CO- ACQUISITION IS EXPECTED TO BE
ROUGHLY
NEUTRAL TO MSC'S FISCAL 2022 EARNINGS AND SLIGHTLY ACCRETIVE TO
FISCAL 2023 EARNINGS

Source text for Eikon:  ID:nPn1944QSa 
Further company coverage:  MSM.N