logo munafa.org

NEWS Gainers Losers
 Learn then Earn

 story : Carlisle Cos. to acquire Henry Company for .575 billion in cash #FinanceUSA #StockMarketNEWS Carlisle Cos. said Monday it is acquiring Henry Company, a provider of building envelope systems, from

@stockMarketNEWS 17 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Carlisle Cos. to acquire Henry Company for .575 billion in cash #FinanceUSA #StockMarketNEWS
Carlisle Cos. said Monday it is acquiring Henry Company, a provider of building envelope systems, from units of private-equity firm American Securities LLC for .575 billion in cash. Building envelope systems control the flow of air, water and energy in a building, keeping weather out and conditioned air in. The price is equal to 10.5 times Henry's adjusted EBITDA for the 12 months through May 31. Henry had revenue of 1 million in the period and adjusted EBITDA of 9 million. The deal is expected to generate pretax synergies of about million by 2025 and to boost adjusted per-share earnings by .25 plus in the first full fiscal year after close. The deal is expected to close in the third quarter. "The acquisition is consistent with Carlisle's Vision 2025 to simplify our portfolio and strategically build scale with synergistic acquisitions in order to achieve of earnings per share," Carlisle said in a statement. Shares were not yet active premarket, but have gained 24% in the year to date, while the S&P 500 has gained 15%.


Munafa USA Munafa India Munafa NSE


Report

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

 Learn then Earn
Back to top | Use Dark Theme