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BRIEF-Repligen and Spectrum to join forces
2017年6月23日 / 中午11点35分 / 3 个月前

BRIEF-Repligen and Spectrum to join forces

June 23 (Reuters) - Repligen Corp:

* Repligen Corporation and spectrum, inc. To join forces

* Repligen Corp - deal expected to be accretive to repligen earnings per share in fiscal 2018

* Repligen corp says deal for approximately $359 million

* Repligen Corp says deal comprised of $120 million in cash plus 6,154,000 shares of repligen stock

* Repligen Corp - to fund transaction, repligen intends to use its cash on hand, which totaled approximately $142 million on march 31, 2017

* Repligen Corp - spectrum is expected to add $17 million to $18 million to repligen revenue in 2017

* Repligen Corp - to fund transaction by potentially a committed debt financing of $30 million that it has obtained from JPMorgan Chase Bank, N.A

* Repligen - for full year 2018, spectrum is expected to grow double-digit and contribute $47 million to $50 million in incremental revenue

* Repligen - for full year 2018, spectrum is expected to grow double-digit and contribute $47 to $50 million in incremental revenue

* Repligen - three-year total synergies as a result of deal are expected to be in range of $20 to $25 million

* Repligen - repligen expects deal to be breakeven to adjusted eps in 2017 and accretive to both gaap and adjusted eps in 2018 Source text for Eikon: Further company coverage:

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