Brief: CUI Global To Acquire Reach Construction Group

Orbital Infrastructure

26/03/2020 12:20

March 26 (Reuters) - CUI Global Inc  CUI.O :
    * CUI GLOBAL TO ACQUIRE REACH CONSTRUCTION GROUP
    * CUI GLOBAL INC - ON MARCH 24, 2020, IT ENTERED INTO A
DEFINITIVE
AGREEMENT TO ACQUIRE REACH CONSTRUCTION GROUP, LLC
    * CUI GLOBAL INC - TRANSACTION WILL CONSIST OF THIRD-PARTY
DEBT
AND COMPANY EQUITY VALUED AT ABOUT $37.0 MILLION
    * CUI GLOBAL- EXPECT DEAL TO DELIVER STRONG FINANCIAL
RESULTS,
WHICH WILL RESULT IN POSITIVE EARNINGS FOR CO'S SHAREHOLDERS ON
A CONSOLIDATED BASIS

Source text for Eikon:  ID:nPn1NvkL6a 
Further company coverage:  CUI.O 

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