Edition:
United Kingdom

Conmed announces definitive agreement to acquire Buffalo Filter Llc


Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Conmed Corp ::CONMED ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE BUFFALO FILTER LLC.CONMED ANNOUNCES DEFINITIVE AGREEMENT TO ACQUIRE BUFFALO FILTER LLC.CONMED CORP - DEAL FOR $365 MILLION ON A CASH-FREE, DEBT-FREE BASIS..CONMED CORP - TRANSACTION IS EXPECTED TO BE FINANCED THROUGH A COMBINATION OF NEW CONVERTIBLE NOTES AND EXPANDED AND AMENDED CREDIT FACILITY.CONMED CORP -.CONMED CORP - BASED ON ANTICIPATED DATE OF CLOSING, CONMED EXPECTS ACQUISITION TO BE NEUTRAL TO ADJUSTED CASH EARNINGS PER SHARE IN 2019.CONMED CORP - ACQUISITION SEEN IMPROVING PROFITABILITY PROFILE BY ADDING ABOUT 50 BASIS POINTS TO ORGANIC CONSTANT CURRENCY REVENUE GROWTH.CONMED CORP - ON A GAAP BASIS, TRANSACTION IS EXPECTED TO BE DILUTIVE IN 2019, AND LESS DILUTIVE OR INCREASINGLY ACCRETIVE THEREAFTER.CONMED - BASED ON CLOSING, EXPECTS ACQUISITION TO BE BETWEEN $0.10 AND $0.15 PER SHARE ACCRETIVE TO ADJUSTED CASH EARNINGS PER SHARE IN 2020. 

Company Quote

79.42
1.15 +1.47%
18 Apr 2019