SPY337.04+2.15 0.64%
DIA278.14+0.64 0.23%
IXIC11,326.51+159.00 1.42%

Premium Brands Acquires Global Gourmet Foods and Signs and Agreement to Acquire Allseas Fisheries

The combined purchase price for the Company's investments in Global Gourmet and Allseas is approximately $139 million consisting of $115 million in cash, $10 million in Premium Brands

 · 

The combined purchase price for the Company's investments in Global Gourmet and Allseas is approximately $139 million consisting of $115 million in cash, $10 million in Premium Brands common shares and up to $14 million in contingent consideration. The combined revenues of the two businesses is approximately $204 million and both transactions are expected to be immediately accretive to Premium Brands' earnings per share and free cash flow per share on an annual basis.