Brief: Savaria Announces Cash Offer To Acquire Swedish Listed Company Handicare Group AB For A Total Enterprise Value Of Cad521 Million

Savaria

27/01/2021 21:53

Jan 27 (Reuters) - Savaria Corp  SIS.TO :
    * SAVARIA ANNOUNCES CASH OFFER TO ACQUIRE SWEDISH LISTED
COMPANY
HANDICARE GROUP AB FOR A TOTAL ENTERPRISE VALUE OF CAD521
MILLION, TO CREATE A GLOBAL LEADER IN ACCESSIBILITY
    * SAVARIA CORP - DEAL FOR  SEK50.00 PER SHARE
    * SAVARIA CORP - DEAL FOR A TOTAL ENTERPRISE VALUE OF SEK3.4
BILLION
    * SAVARIA - PROVIDED OFFER IS SUCCESSFUL, ACQUISITION TO BE
IMMEDIATELY ACCRETIVE TO SAVARIA'S PRO FORMA COMBINED 2020 FREE
CASH FLOW PER SHARE
    * SAVARIA CORP - BOARD OF HANDICARE HAS CONFIRMED TO SAVARIA
THAT
IT HAS UNANIMOUSLY DECIDED TO RECOMMEND THAT HANDICARE'S
SHAREHOLDERS ACCEPT OFFER
    * SAVARIA CORP - Q4 REVENUE IS EXPECTED TO BE ABOUT CAD90
MILLION,
REPRESENTING A DECREASE OF ABOUT 6% FROM SAME PERIOD IN 2019
    * SAVARIA - ACQUISITION, RELATED COSTS TO BE FUNDED THROUGH
COMBINATION OF NEW CREDIT FACILITIES & EQUITY PRIVATE PLACEMENTS

Source text for Eikon:  ID:nGNXtxLPG 
Further company coverage:  SIS.TO 

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