Edition:
India

Enersys Announces Agreement To Acquire Northstar Battery Company From Altor Fund Ii


Friday, 20 Sep 2019 

Sept 19 (Reuters) - EnerSys ::ENERSYS ANNOUNCES AGREEMENT TO ACQUIRE NORTHSTAR BATTERY COMPANY FROM ALTOR FUND II.ENERSYS - ENTERED INTO AN AGREEMENT TO ACQUIRE ALL ISSUED AND OUTSTANDING SHARES OF N HOLDING AB, PARENT COMPANY OF NORTHSTAR, FROM ALTOR FUND II.ENERSYS - TRANSACTION IS PREDICTED TO GENERATE ANNUAL RUN-RATE SYNERGIES IN EXCESS OF $40 MILLION TO ENERSYS.ENERSYS - DEAL INCLUDES $78 MILLION CASH CONSIDERATION AND ASSUMPTION OF $104.5 MILLION IN DEBT.ENERSYS - DEAL TO BE ACCRETIVE TO ENERSYS' EARNINGS, EXCLUDING ANY ONE-TIME OR ACQUISITION RELATED COSTS. 

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65.38
0.45 +0.69%
18 Oct 2019