Edition:
India

Signify Says Cooper Lighting Solutions Deal Fully Funded With Debt


Wednesday, 16 Oct 2019 

Oct 15 (Reuters) - SIGNIFY NV::SIGNIFY NV - SAVINGS OF OVER $60 MILLION/YEAR, TO BE LARGELY ACHIEVED IN FIRST 3 YRS FROM COOPER LIGHTING SOLUTIONS DEAL.SIGNIFY NV - COOPER LIGHTING SOLUTIONS DEAL FULLY FUNDED WITH DEBT; COMMITTED BRIDGE FINANCING IN PLACE.SIGNIFY NV - DEAL WITH EATON EXPECTED TO RESULT IN MID-TEENS EPS ACCRETION IN YEAR ONE, TRANSACTION ROIC TO EXCEED SIGNIFY'S WACC AFTER YEAR ONE.SIGNIFY NV - PLANS TO CONTINUE TO PAY A STABLE TO INCREASED DIVIDEND PER SHARE.SIGNIFY NV - UPON DEAL CLOSING, WILL GENERATE OVER 50% OF ITS SALES IN PROFESSIONAL SEGMENT. 

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