Cooper Co.'s (COO) Makes $189M Tender for Origio a/s

Article Stock Quotes (1) Comments (0)

The Cooper Companies, Inc. (NYSE: COO) has made a voluntary tender offer to acquire all the issued and outstanding shares and warrants of Origio a/s, Oslo Stock Exchange , for NOK 28 per share. The enterprise value of the transaction is approximately US$189 million, consisting of US$151 million in equity and approximately $38 million of net debt. The tender offer is set to expire June 22, 2012, unless the tender offer is extended.

Cooper, through its subsidiaries, plans to finance the acquisition with available off-shore cash and credit facilities. If the tender offer is successful, the transaction is anticipated to close during the fiscal third quarter 2012. Cooper expects this transaction, excluding one-time charges, to be neutral to fiscal 2012 earnings per share (EPS) and slightly accretive to fiscal 2013 EPS.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Tesoro Logistics (TLLP) Closes $355M Northwest Products System Acquisition
• Google (GOOG) May Tap Private Equity as More M&A Deals Appear
• Viropharma, Inc. (VPHM) said to attract acquisition interest - Reuters

Create E-mail Alert Related Categories

Corporate News, Mergers and Acquisitions

Related Entities

Earnings

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?