Get 40% Off
💰 Ray Dalio just increased his holdings in Google by 162.61% - See the full portfolio with InvestingPro’s free Stock Ideas toolCopy Portfolios

BRIEF-Intertape Polymer Group Announces Agreement To Acquire Polyair Inter Pack

Published 2018-07-18, 08:07 a/m
BRIEF-Intertape Polymer Group Announces Agreement To Acquire Polyair Inter Pack
ITP
-

July 18 (Reuters) - Intertape Polymer Group Inc ITP.TO :

* INTERTAPE POLYMER GROUP ANNOUNCES AGREEMENT TO ACQUIRE POLYAIR INTER PACK

* INTERTAPE POLYMER GROUP INC - DEAL FOR APPROXIMATELY $146 MILLION

* INTERTAPE POLYMER GROUP - ESTIMATES POLYAIR WILL BE ACCRETIVE TO IPG EARNINGS IN 2019, EXCLUDING DEAL COSTS, INTEGRATION COSTS, AMONG OTHERS

* INTERTAPE POLYMER GROUP INC - ESTIMATES POLYAIR WILL GENERATE ABOUT $20 MILLION TO $22 MILLION IN ADJUSTED EBITDA BY 2021

* INTERTAPE POLYMER GROUP INC - NO CASH OR DEBT WILL BE ACQUIRED IN TRANSACTION.

* INTERTAPE POLYMER GROUP INC - IPG EXPECTS TO FUND ACQUISITION WITH FUNDS AVAILABLE UNDER IPG'S $600 MILLION CREDIT FACILITY

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.