Brief: Wajax Announces Acquisition Of Tundra Process Solutions

Wajax

31/12/2020 24:09

Dec 30 (Reuters) - Wajax Corp  WJX.TO :
    * WAJAX ANNOUNCES ACQUISITION OF TUNDRA PROCESS SOLUTIONS
    * WAJAX - PURCHASE PRICE FOR TUNDRA SHARES WILL BE SATISFIED
BY
PAYMENT IN CASH OF $74.6 MILLION AND ISSUANCE OF 1,357,142
COMMON SHARES OF WAJAX
    * WAJAX CORP - ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES
OF
TUNDRA PROCESS SOLUTIONS LTD FOR TOTAL CONSIDERATION OF $99.1
MILLION
    * WAJAX - ACQUISITION IS EXPECTED TO BE IMMEDIATELY
ACCRETIVE TO
WAJAX SHAREHOLDERS IN AN ANTICIPATED RANGE OF $0.10 - $0.15 FOR
FY21, ON AN EPS BASIS

Source text for Eikon:  ID:nCNWrlNb4a 
Further company coverage:  WJX.TO 

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