Acco Brands Corporation

NYSE:ACCO  
8.52
+0.37 (+4.54%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

ACCO Brands Signs Definitiv Agreement To Acquire PowerA

Published: 11/10/2020 23:35 GMT
ACCO Brands Corp (ACCO) - Acco Brands Accelerates Strategic Shift Toward Consumer Products; Announces Agreement to Acquire Leading Provider of Console Accessories for Video Gaming.
Acco Brands Corp - Has Signed a Definitive Agreement to Acquire Powera.
Acco Brands Corp - Deal for $340 Million.
Acco Brands Corp - Powera Acquisition is Expected to Be Accretive to Earnings and Cash Flow in First Year.
Acco Brands Corp - Will Finance Powera Transaction Through Cash on Hand & Borrowings From $600 Million Revolving Credit Facility.
Acco Brands - Deal Consideration Includes Additional Earnout of Upto $55 Million in Cash, Contingent Upon Powera Achieving 1- & 2-year Sales, Profit Growth Objectives.