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BRIEF-Methode Electronics acquires Pacific Insight

Published 2017-10-03, 07:06 a/m
BRIEF-Methode Electronics acquires Pacific Insight

Oct 3 (Reuters) - Methode Electronics Inc MEI.N :

* Methode acquires Pacific Insight

* Methode Electronics Inc says Methode expects acquisition to be accretive to earnings in its current fiscal year ending April 28, 2018

* Methode Electronics Inc - deal for $114 million

* Methode Electronics Inc - funded total consideration of approximately $114 million with available cash and its existing credit facility

* Methode Electronics Inc - expects pre-tax costs related to acquisition in range of $4.8 million to $5.2 million, of which $1.5 million was recognized in Q1

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