Brief: Sonoco To Acquire Eviosys

Sonoco Products

24/06/2024 11:03

June 24 (Reuters) - Sonoco Products Co  SON.N :
    * SONOCO TO ACQUIRE EVIOSYS, CREATING THE WORLD’S LEADING
METAL
FOOD CAN AND AEROSOL PACKAGING PLATFORM
    * SONOCO PRODUCTS CO: PROPOSED DEAL FOR APPROXIMATELY $3.9
BILLION
    * SONOCO PRODUCTS CO - SONOCO'S ACQUISITION IMMEDIATELY
ACCRETIVE
TO EPS
    * SONOCO PRODUCTS CO: ACQUISITION EXPECTED TO BE OVER 25%
ACCRETIVE TO 2025 EXPECTED ADJUSTED EPS
    * SONOCO PRODUCTS CO: SEES TO ACHIEVE OVER $100 MILLION OF
SYNERGIES FROM INTEGRATION OF EVIOSYS WITH SONOCO'S
COMPLEMENTARY METAL CAN BUSINESS
    * SONOCO PRODUCTS: TO FINANCE DEAL WITH NEW DEBT AND
PROCEEDS FROM
ISSUANCE OF UP TO $500 MILLION IN EQUITY
    * SONOCO PRODUCTS: INTENDS TO DIVEST THERMOSAFE AS WELL AS
OTHER
BUSINESSES
    * SONOCO PRODUCTS: SEES TO ACHIEVE AT LEAST $1 BILLION OF
TOTAL
PROCEEDS FROM DIVESTITURES IN NEXT 12 TO 18 MONTHS

Source text for Eikon:  ID:nGNX9j0bX5 
Further company coverage:  SON.N 

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