Brief: Standard Motor Products Inc Announces Acquisition Of Trombetta

Standard Motor Products

01/06/2021 13:50

June 1 (Reuters) - Standard Motor Products Inc  SMP.N :
    * STANDARD MOTOR PRODUCTS, INC. ANNOUNCES ACQUISITION OF
TROMBETTA
    * STANDARD MOTOR PRODUCTS INC - ACQUIRED 100% OF CAPITAL
STOCK OF
TRUMPET HOLDINGS, INC, MORE COMMONLY KNOWN AS "TROMBETTA", FOR
$108 MILLION
    * STANDARD MOTOR PRODUCTS INC - WILL FUND ACQUISITION IN
CASH
THROUGH BORROWINGS UNDER REVOLVING CREDIT FACILITY
    * STANDARD MOTOR PRODUCTS INC - ANTICIPATE ACQUISITION WILL
BE
ACCRETIVE TO EARNINGS IN 2021

Source text for Eikon:  ID:nPn7qqFNGa 
Further company coverage:  SMP.N 

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