Brief: Rapala Updates On Acquisition Of 49% Of Share Capital Of DQC International

Rapala VMC Oyj

10/07/2019 15:19

July 10 (Reuters) - Rapala VMC Corp  RAP1V.HE :
    * REG-RAPALA VMC CORPORATION (“RAPALA”) PUBLISHES ADDITIONAL
INFORMATION ON ITS ACQUISITION OF 49% OF THE SHARE CAPITAL OF
DQC INTERNATIONAL CORP
    * TOTAL CONSIDERATION FOR ACQUISITION IS 3.1 MUSD IN CASH
AND
225.000 TREASURY SHARES OF RAPALA VMC CORPORATION, WHICH ARE ALL
PAYABLE AT CLOSING
    * PARTIES HAVE AGREED ON AN ADDITIONAL EARN-OUT IN CASH TO
SELLERS
BASED ON 13 FISHING'S CUMULATIVE EBITDA IN 2020-2021
    * ACQUISITION HAS NO EFFECT ON RAPALA'S SHORT-TERM OUTLOOK
OR 2019
FULL YEAR GUIDANCE THAT WAS PUBLISHED ON FEBRUARY 15, 2019

Source text for Eikon:  ID:nGNEc6FJz7 
Further company coverage:  RAP1V.HE 

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