Edition:
India

Cable One To Acquire Fidelity Communications For $525.9 Mln In Cash


Monday, 1 Apr 2019 

April 1 (Reuters) - Cable ONE Inc ::CABLE ONE TO ACQUIRE FIDELITY COMMUNICATIONS.CABLE ONE INC - PROPOSED DEAL FOR $525.9 MILLION IN CASH.CABLE ONE INC - FIDELITY GENERATED AN ESTIMATED $45 MILLION IN LAST QUARTER ANNUALIZED ("LQA") ADJUSTED EBITDA FOR Q4 OF 2018..CABLE ONE - ALL-CASH TRANSACTION IS EXPECTED TO BE FUNDED WITH CASH ON HAND, REVOLVING CREDIT FACILITY CAPACITY,PROCEEDS OF NEW INDEBTEDNESS.CABLE ONE INC - ALL-CASH DEAL IS EXPECTED TO BE FUNDED THROUGH OF CASH ON HAND, REVOLVING CREDIT FACILITY CAPACITY AND PROCEEDS OF NEW INDEBTEDNESS.CABLE ONE INC - CABLE ONE EXPECTS TO REALIZE $15 MILLION IN ESTIMATED ANNUAL RUN-RATE COST SYNERGIES WITHIN THREE YEARS OF CLOSING.CABLE ONE INC - ACQUISITION IS ALSO EXPECTED TO PROVIDE ESTIMATED TAX BENEFITS OF APPROXIMATELY $87 MILLION ON A PRESENT VALUE BASIS.. 

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