Luxfer Holdings PLC LXFR.N :
* LUXFER HOLDINGS TO ACQUIRE NEO PERFORMANCE MATERIALS
* LUXFER HOLDINGS PLC - DEAL FOR US$612 MILLION
* LUXFER HOLDINGS PLC - ACCRETIVE TRANSACTION EXTENDS LUXFER'S REACH IN HIGHER GROWTH END-MARKETS AND GEOGRAPHIES.
* LUXFER HOLDINGS PLC - DEAL IMMEDIATELY ADDS TO LUXFER'S EARNINGS PER SHARE.
* LUXFER HOLDINGS PLC - DEAL FOR US$612 MILLION IN CASH AND STOCK
* LUXFER - SHAREHOLDERS OF NEO PERFORMANCE MATERIALS WILL RECEIVE $5.98 IN CASH & 0.395 LUXFER SHARES FOR EACH COMMON SHARE OF NEO PERFORMANCE MATERIALS
* LUXFER HOLDINGS PLC - AT CLOSE OF TRANSACTION, OAKTREE WILL OWN APPROXIMATELY 24% OF LUXFER ORDINARY SHARES OUTSTANDING
* LUXFER HOLDINGS PLC - UPON CLOSING, IT IS ANTICIPATED THAT SOME MEMBERS OF CURRENT NEO BOARD OF DIRECTORS WILL JOIN LUXFER'S BOARD
* LUXFER HOLDINGS PLC - DEAL UNANIMOUSLY APPROVED BY CO, NEO PERFORMANCE MATERIALS INC'S BOARD OF DIRECTORS
* LUXFER HOLDINGS PLC - POST TRANSACTION, CURRENT LUXFER SHAREHOLDERS WILL OWN APPROXIMATELY 63% OF COMBINED COMPANY ON A PRO FORMA BASIS
* LUXFER HOLDINGS - LUXFER EXPECTS TO MAINTAIN TARGET OF 8-10% INCREASES IN EBITDA ANNUALLY THROUGH CONTINUED INTERNAL PERFORMANCE IMPROVEMENTS, OTHERS
* LUXFER HOLDINGS PLC - LUXFER HAS ARRANGED US$375 MILLION IN COMMITTED FINANCING IN A SYNDICATED TERM LOAN B TO FUND CASH PORTION OF PURCHASE PRICE
* LUXFER HOLDINGS PLC - TRANSACTION IS EXPECTED TO REALIZE AT LEAST US$15 MILLION OF COST SYNERGIES
* LUXFER HOLDINGS PLC - TWO LARGEST SHAREHOLDERS OF NEO HAVE ENTERED INTO AGREEMENT TO SIGN A LOCK-UP FOR NEWLY ISSUED LUXFER SHARES UPON DEAL CLOSING
* LUXFER HOLDINGS PLC - THE TWO LARGEST SHAREHOLDERS OF NEO ARE AFFILIATES OF OAKTREE CAPITAL MANAGEMENT LP