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BRIEF-Littelfuse to acquire Ixys Corp in a deal for $655 mln
2017年8月28日 / 上午10点16分 / 3 个月前

BRIEF-Littelfuse to acquire Ixys Corp in a deal for $655 mln

Aug 28 (Reuters) - Ixys Corp

* Littelfuse to acquire IXYS Corporation

* Ixys Corp - Deal for ‍$655 million​

* Ixys - ‍Ixys stockholder will be entitled to elect to receive, per Ixys share, either $23.00 in cash or 0.1265 of a share of Littelfuse common stock​

* Ixys Corp - Immediately accretive to adjusted EPS and free cash flow post transaction close

* Says combined company is expected to have annual revenues of approximately $1.5 billion

* Ixys Corp - Transaction represents an equity value of approximately $750 million and enterprise value of $655 million.

* Ixys Corp - Expect to generate more than $30 million in annualized cost savings from deal

* Ixys Corp - Littlefuse expects to finance cash portion of transaction consideration through a combination of existing cash and additional debt

* Ixys Corp - Nathan Zommer, Ixys founder expected to join Littelfuse’s board of directors after close of transaction

* Ixys -‍ Nathan Zommer, Ixys founder, currently its largest stockholder with about 21% ownership, entered voting and support agreement​ in favor of deal Source text for Eikon: Further company coverage:

我们的标准:汤森路透“信任原则”
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