Murphy USA Inc

NYSE:MUSA   3:59:59 PM EDT
143.45
+0.33 (+0.23%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Murphy USA Announces Agreement To Acquire QuickChek

Published: 12/14/2020 13:34 GMT
Murphy USA Inc (MUSA) - Murphy USA Announces Agreement to Acquire Quickchek—one of the Leading Food and Beverage C-store Operators in the U.S.murphy USA Inc - Deal for All-cash Transaction for $645 Million.
Murphy USA Inc - Purchase Price Includes Expected Tax Benefits Valued at $20 Million for a Net After-tax Purchase Price of $625 Million.
Murphy USA Inc - Transaction Will Be Financed With a Combination of Cash on Hand, Existing Credit Facilities and New Debt.
Murphy USA Inc - Murphy USA Has Obtained Committed Financing From Royal Bank of Canada.
Murphy USA Inc - Annual Run Rate Synergies of $28 Million Are Expected to Be Achieved by Third Year From Deal.
Murphy USA Inc - Acquisition is Projected to Be Accretive to Earnings in 2022, First Full Year of Combined Operations.