Acco Brands Corp * Cash purchase price will be approximately us$103 million * Estimated full-year incremental sales contribution to acco brands would be approximately us$112 million * Says pelikan artline will be combined with acco brands’ existing businesses in australia and new zealand * Company expects that integration and cash restructuring expenses associated with acquisition will be approximately us$15 million * Fy incremental adjusted ebitda contribution to co would be approximately us$17 million , pre-synergies, based on 2015 results * Approximately 18% of purchase price will be used to redeem a minority shareholder interest in a subsidiary of pelikan artline * Acco brands corporation to acquire remaining 50% of its australian joint venture, pelikan artline * Says acco brands expects that acquisition will be immediately accretive to its adjusted earnings per share * Says expects to generate approximately us$8 million in synergies from deal * Acco brands corp says deal will be immediately accretive to its adjusted earnings per share, contributing an estimated us$0.06 in first twelve months
Source: Reuters.comACCO Brands to acquire remaining 50 pct of its Australian JV Pelikan Artline
Industry: Other 2016-03-22
