Edition:
India

Commercial Vehicle Group Announces Acquisition Of First Source Electronics


Wednesday, 18 Sep 2019 

Sept 18 (Reuters) - Commercial Vehicle Group Inc ::COMMERCIAL VEHICLE GROUP ANNOUNCES ACQUISITION OF FIRST SOURCE ELECTRONICS.COMMERCIAL VEHICLE GROUP INC - TOTAL CASH CONSIDERATION FOR TRANSACTION OF AS MUCH AS $44.75 MILLION.COMMERCIAL VEHICLE GROUP INC - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO OPERATING INCOME AND EARNINGS PER SHARE IN YEAR ONE.COMMERCIAL VEHICLE GROUP INC - TRANSACTION WAS FUNDED WITH DOMESTIC CASH ON HAND AND $2 MILLION AVAILABILITY UNDER OUR REVOLVING CREDIT FACILITY.COMMERCIAL VEHICLE GROUP - HAS AMENDED ITS THIRD AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, UPSIZING REVOLVING CREDIT FACILITY TO $90 MILLION. 

Company Quote

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22 Oct 2019