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MTSC - MTS Systems News Story

$58.49 0.0  0.0%

Last Trade - 06/04/21

Sector
Industrials
Size
Mid Cap
Market Cap £828.5m
Enterprise Value £1.17bn
Revenue £597.6m
Position in Universe th / 6848

BRIEF-Amphenol Corporation To Acquire Mts Systems

Wed 9th December, 2020 3:52pm
Dec 9 (Reuters) - Amphenol Corp  APH.N :
    * AMPHENOL CORPORATION TO ACQUIRE MTS SYSTEMS
    * AMPHENOL CORP - WILL ACQUIRE MTS FOR $58.50 PER SHARE IN
CASH,
OR APPROXIMATELY $1.7 BILLION
    * AMPHENOL CORP - ACQUISITION OF MTS IS EXPECTED TO BE
ACCRETIVE
TO AMPHENOL'S EARNINGS PER SHARE IN FIRST YEAR AFTER CLOSING
    * AMPHENOL CORP - TRANSACTION WILL PARTIALLY BE FINANCED
THROUGH 
COMBINATION OF BORROWINGS UNDER CO'S EXISTING CREDIT AND
COMMERCIAL PAPER FACILITIES
    * AMPHENOL CORP -  TRANSACTION WILL PARTIALLY BE FINANCED
WITH
CASH ON HAND

Source text for Eikon:  ID:nBwbk6PdZa 
Further company coverage:  APH.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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