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BRIEF-Franklin Electric buys U.S. groundwater distribution firms
2017年4月10日 / 晚上8点52分 / 7 个月前

BRIEF-Franklin Electric buys U.S. groundwater distribution firms

April 10 (Reuters) - Franklin Electric Co Inc

* Franklin Electric Co acquires U.S. Groundwater distribution companies

* Franklin Electric Co says expects DSI acquisition to close before end of Q2 2017

* Franklin Electric Co - deal for $89 million in aggregate, which includes assumed debt

* Franklin Electric Co says Franklin Electric will operate acquired distributors in an entity named Headwater Companies, Llc

* Franklin Electric Co - earnings from acquired companies are expected to add 12 to 14 cents to Franklin Electric’s 2018 adjusted earnings per share

* Franklin Electric Co - earnings from acquired companies expected to add twelve to fourteen cents to Franklin Electric’s 2018 adjusted earnings per share

* Franklin Electric Co Inc says deal expected to be neutral to 2017 adjusted earnings per share guidance of $1.77 to $1.87 company has provided

* Franklin Electric Co - will acquire 2m Company Inc, Western Hydro Holding Corporation and Drillers Service Inc for approximately $89 million in aggregate

* Franklin Electric Co - to buy 2m Company Of Billings, Montana; Western Hydro Holding Corp of Hayward, California, Drillers Service of Hickory, North Carolina Source text for Eikon: Further company coverage:

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