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NVT — nVent Electric News Story

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Brief: Nvent To Acquire Maverick Power

BRIEF-Nvent To Acquire Maverick Power

- nVent Electric PLC NVT.N:

  • NVENT TO ACQUIRE MAVERICK POWER

  • NVENT ELECTRIC - TO BUY MAVERICK POWER FOR $1.75 BILLION

  • NVENT ELECTRIC - ACQUISITION EXPECTED TO BE ACCRETIVE TO ADJUSTED EPS IN FIRST YEAR

  • NVENT ELECTRIC - TO FUND ACQUISITION WITH CASH AND NEW DEBT

  • NVENT ELECTRIC - DEAL INCLUDES UP TO $550 MILLION ADDITIONAL CASH CONSIDERATION BASED ON PERFORMANCE

Source text: ID:nGNX1CKw4v

Further company coverage: NVT.N


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

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