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BRIEF-Scandi Standard to buy chicken processor Manor Farm in Ireland
June 27, 2017 / 5:36 AM / 2 months ago

BRIEF-Scandi Standard to buy chicken processor Manor Farm in Ireland

June 27 (Reuters) - SCANDI STANDARD AB (PUBL)

* AGREEMENT TO ACQUIRE MANOR FARM - THE LEADING CHICKEN PROCESSOR IN IRELAND

* ‍TO ACQUIRE MANOR FARM, CHICKEN PROCESSOR, AND MARKET LEADER, IN REPUBLIC OF IRELAND​

* ‍AGREEMENT VALUES MANOR FARM AT AN ENTERPRISE VALUE OF EUR 94 MILLION​

* SETTLEMENT WILL BE A COMBINATION OF 6 MILLION SCANDI STANDARD SHARES, AN EARN-OUT MECHANISM, CASH AND ASSUMPTION OF OUTSTANDING INTEREST-BEARING DEBT Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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