Simpson Manufacturing Co., Inc.

NYSE:SSD   3:59:59 PM EDT
125.24
-3.65 (-2.83%)
Debt Financing / Related, Earnings Announcements, Mergers / Acquisitions

Simpson Manufacturing Submits Binding Offer To Acquire Etanco Group For 725 Million Euros

Published: 12/29/2021 21:29 GMT
Simpson Manufacturing Co., Inc. (SSD) - Simpson Manufacturing Co.
, Inc. Announces Binding Offer to Acquire Etanco Group.
Simpson Manufacturing Co Inc - Submits Binding Offer to Acquire Leading European Building Product Solutions Company, for Purchase Price of EUR 725 Million.
Simpson Manufacturing Co Inc - Acquisition Anticipated to Be Accretive to Company's Earnings Within First Full Fiscal Year After Closing.
Simpson Manufacturing - Expects to Realize Operating Income Synergies of About $30 Million, on an Annual Run Rate Basis, Within 36 Months Following Deal.
Simpson - Deal Expected to Be Funded by $100 Million of Existing Cash With Remainder From Borrowings Under Co's Existing Revolving Credit Facility.
Simpson Manufacturing - Deal Expected to Be Funded Via $450 Million Unsecured Term Loan.
Revenue is expected to be $374 Million
Adjusted EPS is expected to be $0.95

Next Quarter Revenue Guidance is expected to be $441.16 Million
Next Quarter EPS Guidance is expected to be $1.20

More details on our Analysts Page.