Brief: Stabilus SE Signs Agreement To Acquire Destaco

Stabilus SE

12/10/2023 03:12

Oct 11 (Reuters) - Stabilus Se  STM1.DE :
    * EQS-ADHOC: STABILUS SE SINGS AGREEMENT TO ACQUIRE DESTACO
    * SAYS TRANSACTION VOLUME AMOUNTS TO US$680 MILLION, SUBJECT
TO
CUSTOMARY POST-CLOSING ADJUSTMENTS
    * ACQUISITION IS EXPECTED TO SIGNIFICANTLY INCREASE SALES
WITH AN
IMMEDIATE POSITIVE IMPACT ON ITS ADJUSTED EBIT MARGIN AFTER
CLOSE
    * SAYS ACQUISITION HAS NO IMPACT ON BUSINESS FIGURES AND
FORECAST
FOR FISCAL 2023
    * WILL FINANCE DEAL WITH C. EUR 150 MILLION OF CASH, EUR 250
MILLION FROM CURRENTLY UNUSED REVOLVING CREDIT FACILITY, EUR 250
MILLION FROM BRIDGE FACILITY

Source text for Eikon:  ID:nEQ9XLrwWa 
Further company coverage:  STM1.DE 

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