Brief: Act II Global Acquisition To Combine With Flavors Holdings' Merisant And Mafco Worldwide To Form Whole Earth Brands

Whole Earth Brands

20/12/2019 01:27

Dec 19 (Reuters) - Act II Global Acquisition Corp  ACTT.O :
    * . TO COMBINE WITH FLAVORS HOLDINGS INC. SUBSIDIARIES
MERISANT
COMPANY AND MAFCO WORLDWIDE LLC TO FORM WHOLE EARTH BRANDS
    * COMBINED COMPANY TO BE LISTED ON NASDAQ
    * ACT II GLOBAL ACQUISITION - EXPECTED THAT WHOLE EARTH
BRANDS
WILL BE LED BY FLAVORS HOLDINGS' EXISTING MANAGEMENT TEAM
    * TRANSACTION WILL BE FUNDED THROUGH A COMBINATION OF CASH
AVAILABLE IN TRUST, ROLL-OVER STOCK AND DEBT FINANCING
    * UPON CONSUMMATION OF PROPOSED TRANSACTION, COMBINED CO TO
HAVE
ANTICIPATED INITIAL ENTERPRISE VALUE OF ABOUT $575 MILLION
    * OWNERS OF MERISANT AND MAFCO WILL RECEIVE $510 MILLION IN
TOTAL
CONSIDERATION
    * ACT II HAS RECEIVED A COMMITMENT FROM TD BANK TO PROVIDE
FOR THE
CONTEMPLATED DEBT FINANCING

Source text for Eikon:  ID:nBw13MwNsa 
Further company coverage:  ACTT.O 

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