Brief: OneWater Marine Signs Deal To Acquire Ocean Bio-Chem

OneWater Marine

22/06/2022 12:21

June 22 (Reuters) - OneWater Marine Inc  ONEW.O :
    * ONEWATER MARINE INC. SIGNS DEFINITIVE AGREEMENT TO ACQUIRE
OCEAN
BIO-CHEM, INC.
    * ONEWATER MARINE INC- PROPOSED DEAL FOR FOR $13.08 PER
SHARE, IN
AN ALL-CASH TRANSACTION VALUED AT APPROXIMATELY $125 MILLION
    * ONEWATER MARINE INC- ONEWATER WILL ALSO ACQUIRE OBCI'S
AFFILIATE, STAR BRITE EUROPE, INC
    * ONEWATER MARINE INC- BOTH OBCI AND STAR BRITE EUROPE. WILL
BE
INTEGRATED INTO T-H MARINE SUPPLIES, LLC
    * ONEWATER MARINE INC- WILL FINANCE TRANSACTION WITH AN
EXTENSION
OF ITS TERM LOAN FACILITY LED BY TRUIST BANK
    * ONEWATER MARINE INC- OCEAN BIO-CHEM'S BOARD OF DIRECTORS
HAS
UNANIMOUSLY APPROVED TRANSACTION

Source text for Eikon:  ID:nGNXcfms9x 
Further company coverage:  ONEW.O 

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