Brief: Exco Technologies Signs Conditional Agreement To Acquire Privately Held Interior Trim Business

Exco Technologies

16/02/2016 16:52

Feb 16 (Reuters) - Exco Technologies Ltd  XTC.TO : 
 * Signs conditional agreement to acquire privately held Interior Trim Business 
 * Says deal valued at about $73 million 
 * Deal is expected to be immediately accretive to Exco's earnings per share 
 * Intends to fund deal with cash on hand, part of proceeds from C$100 million 
   committed operating credit facility 
 * Says transaction will not require significant integration or restructuring 
   charges 
 * Transaction value excludes assumed debt of $4 million 
 
 * Source text for Eikon  ID:nCNWPRqNDa  
 
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