Brief: Swedencare AB Acquires Operations Of Stratford Pharmaceuticals

Swedencare AB (publ)

24/06/2020 16:42

June 24 (Reuters) - Swedencare AB (publ)  SECARE.ST :
    * SWEDENCARE AB (PUBL) ACQUIRES THE OPERATIONS OF LEADING
AMERICAN
COMPANY IN ANIMAL HEALTH CARE PRODUCTS
    * SWEDENCARE AB (PUBL) - ACQUIRES BUSINESS CONDUCTED BY
AMERICAN
ANIMAL HEALTH COMPANY STRATFORD PHARMACEUTICALS
    * SWEDENCARE AB (PUBL) - PURCHASE PRICE AMOUNTS TO
APPROXIMATELY
SEK 159,3 MILLION
    * SWEDENCARE AB (PUBL) - PURCHASE PRICE PAID THROUGH A CASH
PAYMENT WHICH IS FINANCED BY OWN FUNDS AND RAISING OF AN
ACQUISITION DEBT OF 50 MILLION SEK
    * SWEDENCARE AB (PUBL) - SYNERGIES IN SALES AND MARKETING AS
WELL
AS LOGISTICS WITH SISTER COMPANY SWEDENCAREUSA INC. ARE EXPECTED
TO BE ACHIEVED

Source text for Eikon:  ID:nWkr6SZ54c 
Further company coverage:  SECARE.ST 

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