March 2 (Reuters) - CCL Industries Inc CCLb.TO :
* To acquire Checkpoint Systems for US$10.15 per share
* Transaction value of $556 million that includes the assumption of $44 million
of net cash
* Sees immediate earnings accretion from deal
* Says intends to finance the transaction entirely with its existing US$1.2
billion revolving syndicated credit facility
* Says management estimates that non-recurring costs of $40 million will be
incurred between closing and the end of 2018
* Transaction has been unanimously approved by the boards of both companies and
is expected to close in mid-2016
* Says upon the closing of the transaction, Checkpoint will be reported as a
new operating segment of Ccl
* Source text for Eikon ID:nMKW66zV8a
* Further company coverage CCLb.TO