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BRIEF-Blackhawk network acquires Cashstar for $175 million
2017年8月30日 / 下午2点50分 / 3 个月前

BRIEF-Blackhawk network acquires Cashstar for $175 million

Aug 30 (Reuters) - Blackhawk Network Holdings Inc

* Blackhawk network acquires cashstar for $175 million; establishes a leadership position in first-party digital gift card market; transaction is accretive to adjusted eps for 2018

* Blackhawk network holdings inc - ‍transaction is accretive to adjusted eps for 2018​

* Blackhawk network holdings inc - ‍cashstar becomes part of blackhawk’s digital and incentives businesses​

* Blackhawk network holdings inc - ‍blackhawk acquired cashstar for approximately $175 million in cash​

* Blackhawk network holdings inc - ‍expect acquisition to be at least earnings neutral in fiscal 2017 and meaningfully accretive after synergies in 2018​

* Blackhawk network holdings inc - ‍completed acquisition using a combination of available cash and borrowings under our revolving credit facility​

* Blackhawk network expects ‍deal to add $12 million to $15 million in adjusted ebitda, $3 million to $5 million in adjusted net income and $0.05 to $0.09 in adjusted eps​ in 2018

* Blackhawk network holdings inc - deal ‍is projected to generate positive cash flow in 2018​ Source text for Eikon: Further company coverage:

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