Reuters logo
BRIEF-Columbus Mckinnon to acquire Stahl Cranesystems
December 7, 2016 / 7:39 AM / a year ago

BRIEF-Columbus Mckinnon to acquire Stahl Cranesystems

Dec 7 (Reuters) - Columbus Mckinnon Corp

* Cost synergies of about $11 million annually expected

* Financing will be structured as senior secured debt up to $570 million including a new $75 million revolver

* Columbus Mckinnon - Estimate one-time transaction related costs in fiscal 2017 between $8.0 million and $9.0 million, one-time restructuring costs of about $6 million in 2018

* Columbus- All-Cash transaction value for deal is $240 million with earn-out potential up to million $246 million if certain earnings goals are met for year 2016

* Columbus Mckinnon to acquire Stahl Cranesystems

Source text for Eikon:

Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below