May 1, 2017 / 8:21 PM / 3 months ago

BRIEF-Fleetcor to acquire Cambridge Global Payments

1 Min Read

May 1 (Reuters) - Fleetcor Technologies Inc

* Fleetcor Technologies Inc - acquisition expected to be immediately accretive to earnings upon closing

* Fleetcor to acquire Cambridge Global Payments, a leading B2B international payments provider

* Fleetcor Technologies Inc - transaction price is approximately $675 million

* Fleetcor Technologies Inc - transaction price will be financed using a combination of existing cash and borrowings under Fleetcor's existing credit facility

* Fleetcor Technologies Inc - expect acquisition to be accretive to earnings in 2017 Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below