Brief: Savaria To Acquire Garaventa Lift For About CHF 74 Million

Savaria

10/07/2018 20:04

July 10 (Reuters) - Savaria Corp  SIS.TO :
    * SAVARIA TO ACQUIRE GARAVENTA LIFT AND CREATE A GLOBAL
LEADER IN
ACCESSIBILITY
    * SAVARIA CORP - DEAL FOR A TOTAL PURCHASE PRICE OF
APPROXIMATELY
CHF 74 MILLION
    * SAVARIA CORP - TRANSACTION WILL BE FUNDED THROUGH A
COMBINATION
OF CASH ON HAND AND CORPORATION'S LINE OF CREDIT
    * SAVARIA - ENTERED INTO AGREEMENT WITH GARAVENTA
ACCESSIBILITY AG
PURSUANT TO WHICH CO WOULD ACQUIRE ALL OF ISSUED & OUTSTANDING
SHARES OF GARAVENTA LIFT

Source text for Eikon:  ID:nGNXCw2JR 
Further company coverage:  SIS.TO 

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