Standard Motor Products, Inc.

NYSE:SMP  
42.28
+1.20 (+2.92%)
4:10:00 PM EDT: $42.32 +0.04 (+0.10%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Standard Motor Products, Inc. Announces Acquisition Of Stabil Group

Published: 09/01/2021 10:06 GMT
Standard Motor Products, Inc. (SMP) - Standard Motor Products, Inc. Announces Acquisition of Stabil Group.
Standard Motor Products Inc - Acquired 100% of Capital Stock of Stabil Operative Group Gmbh.
Standard Motor Products Inc - Anticipated Acquisition Will Be Accretive to Diluted Earnings per Share in 2022.
Standard Motor Products Inc - Will Fund Deal in Cash Through Borrowings Under Its Revolving Credit Facility.