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BRIEF-Maple Leaf Foods To Acquire Viau Foods For $215 Mln

Published 2018-10-02, 08:10 a/m
© Reuters.  BRIEF-Maple Leaf Foods To Acquire Viau Foods For $215 Mln
MFI
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Oct 2 (Reuters) - Maple Leaf Foods Inc MFI.TO :

* MAPLE LEAF FOODS TO ACQUIRE VIAU FOODS

* MAPLE LEAF FOODS INC - DEAL FOR PURCHASE PRICE OF $215 MILLION

* MAPLE LEAF FOODS INC - DEAL FOR PURCHASE PRICE OF $215 MILLION

* MAPLE LEAF FOODS INC - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO MAPLE LEAF'S EARNINGS PER SHARE IN FIRST YEAR

* MAPLE LEAF FOODS INC - TRANSACTION WILL BE FINANCED THROUGH A COMBINATION OF CASH-ON-HAND AND DRAWINGS UNDER MAPLE LEAF'S EXISTING CREDIT FACILITY

* MAPLE LEAF FOODS - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO CO'S EARNINGS PER SHARE IN FIRST YEAR AND TO COMPANY'S MARGIN EXPANSION OVER TIME

* MAPLE LEAF FOODS INC - PURCHASE PRICE IN DEAL INCLUDES $30 MILLION IN CO'S STOCK

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