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BRIEF-Smith & Nephew says to buy Rotation Medical Inc​
October 23, 2017 / 1:08 PM / a month ago

BRIEF-Smith & Nephew says to buy Rotation Medical Inc​

Oct 23 (Reuters) - SMITH & NEPHEW PLC:

* ‍ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE ROTATION MEDICAL INC​

* ‍ACQUISITION WILL BE FINANCED FROM EXISTING CASH AND DEBT FACILITIES​

* ‍TRANSACTION IS EXPECTED TO CLOSE IN LATE 2017​

* ‍INITIAL CASH CONSIDERATION OF $125 MILLION AND UP TO $85 MILLION OVER NEXT FIVE YEARS, CONTINGENT ON FINANCIAL PERFORMANCE.​

* ‍TRANSACTION IS EXPECTED TO CLOSE IN LATE 2017 AND TO BE EARNINGS NEUTRAL IN 2018 AND ACCRETIVE IN 2019.​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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