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BRIEF-UTZ Brands To Acquire Festida Foods

05/11/2021 07:46
BRIEF-UTZ Brands To Acquire Festida Foods

- UTZ Brands Inc UTZ.N:

  • UTZ BRANDS TO ACQUIRE FESTIDA FOODS

  • UTZ BRANDS INC - DEAL TOTAL PURCHASE PRICE IS $41 MILLION

  • UTZ BRANDS INC - EXPECTS TRANSACTION TO BE ACCRETIVE TO EARNINGS IN 2021 AND BEYOND.

  • UTZ BRANDS INC - EXPECTS TO DRAW ON ITS REVOLVING CREDIT FACILITY TO FUND $41 MILLION CASH PURCHASE PRICE

  • UTZ BRANDS INC - EXPECTS TO ACHIEVE RUN-RATE SELLING AND ADMINISTRATIVE COST SYNERGIES OF AT LEAST $1 MILLION.

Source text for Eikon: ID:nBwbkSFzha

Further company coverage: UTZ.N


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