Silgan Holdings Inc.

NASDAQ:SLGN   3:59:53 PM EDT
39.98
-0.22 (-0.55%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Silgan Acquires Gateway

Published: 09/20/2021 20:42 GMT
Silgan Holdings Inc. (SLGN) - Silgan Acquires Gateway.
Silgan Holdings Inc - Deal for $485 Million.
Silgan Holdings Inc - Deal Expected to Be Slightly Accretive to Earnings in 2021, Excluding Impact of Required Purchase Accounting Adjustments.
Silgan Holdings Inc - Additional Accretion Expected in 2022 From Deal.
Silgan Holdings - Expects to Realize Tax Benefits Having a Net Present Value of About $90 Million As a Result of Step-up in Tax Basis of Assets From Deal.
Silgan Holdings Inc - Expects to Realize Annual Synergies As a Result of Deal of About $2 Million Within 12 Months Primarily Through Procurement Savings.
Silgan Holdings Inc - Funded Purchase Price for This Acquisition With Revolving Loan Borrowings Under Its Senior Secured Credit Facility.