Thor Industries (THO) Sees Upside in $209M Hearland RV Acquisition
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Price: $78.74 -1.66%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.8%
EPS Growth %: -61.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.8%
EPS Growth %: -61.4%
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Thor Industries (NYSE: THO) is seeing some upside today, after announcing the acquisition of Heartland Recreational Vehicles LLC today. Shares are up 6.45% to $27.08 in the mid-morning session.
Thor is paying a consideration of $100 million in cash, and 4.3 million shares of their common stock. With a closing price of $25.44 per share yesterday, the total transaction is valued around $209 million.
Thor is paying a consideration of $100 million in cash, and 4.3 million shares of their common stock. With a closing price of $25.44 per share yesterday, the total transaction is valued around $209 million.
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