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BRIEF-Lincoln Electric signs agreement to acquire Air Liquide Welding
April 27, 2017 / 8:34 PM / 5 months ago

BRIEF-Lincoln Electric signs agreement to acquire Air Liquide Welding

April 27 (Reuters) - Lincoln Electric Holdings Inc:

* Lincoln Electric signs definitive agreement to acquire Air Liquide Welding

* Lincoln Electric Holdings Inc - definitive agreement reflects a eur 115 million purchase price for air liquide welding business

* Says Lincoln Electric and Air Liquide Welding will continue to operate as independent companies

* Lincoln Electric - expects acquisition to be immediately accretive to earnings and to generate attractive return on capital in first five years

* Lincoln Electric Holdings- deal expected to be add approximately $0.06 eps per quarter, or $0.24 annually, in second year of operation

* Lincoln Electric - until proposed acquisition closes, lincoln Electric and Air Liquide welding will continue to operate as independent companies

* Lincoln Electric-proposed deal expected to be immediately accretive to Lincoln Electric earnings at about $0.03 of eps per quarter in 1st year after closing Source text for Eikon: Further company coverage:

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