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BRIEF-Hooker Furniture to acquire Shenandoah Furniture
2017年9月7日 / 下午12点46分 / 2 个月前

BRIEF-Hooker Furniture to acquire Shenandoah Furniture

Sept 7 (Reuters) - Hooker Furniture Corp

* Hooker Furniture to acquire domestic upholstery maker Shenandoah

* Hooker Furniture Corp - deal for ‍$40 million​

* Hooker Furniture Corp - ‍expect acquisition to be accretive to earnings in first full fiscal year, which will start January 29, 2018​

* Hooker Furniture Corp - ‍short-term, we expect a nominal reduction per share to earnings for balance of fiscal year 2018​

* Hooker Furniture Corp says ‍acquisition expect a nominal reduction per share to earnings for balance of fiscal year 2018​

* Hooker Furniture Corp - ‍ purchase price consists of $32 million in cash and $8 million in newly issued hoft common shares​

* Hooker Furniture-‍Shenandoah expected to operate as autonomous, stand-alone business, led by Candace Payne, Shenandoah’s current President, Phil Payne​

* Hooker Furniture Corp - ‍transaction does not require approval by Hooker’s shareholders​ Source text for Eikon: Further company coverage:

我们的标准:汤森路透“信任原则”
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