Brief: Standard Motor Products, Inc. Announces Acquisition Of Stabil Group

Standard Motor Products

01/09/2021 11:01

Sept 1 (Reuters) - Standard Motor Products Inc  SMP.N :
    * STANDARD MOTOR PRODUCTS, INC. ANNOUNCES ACQUISITION OF
STABIL
GROUP
    * STANDARD MOTOR PRODUCTS INC - ACQUIRED 100% OF CAPITAL
STOCK OF
STABIL OPERATIVE GROUP GMBH
    * STANDARD MOTOR PRODUCTS INC - ANTICIPATED ACQUISITION WILL
BE
ACCRETIVE TO DILUTED EARNINGS PER SHARE IN 2022
    * STANDARD MOTOR PRODUCTS INC - WILL FUND DEAL IN CASH
THROUGH
BORROWINGS UNDER ITS REVOLVING CREDIT FACILITY

Source text for Eikon:  ID:nPn8jp39ya 
Further company coverage:  SMP.N 

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