Tredegar (TG) Unit to Acquire 100% Equity Interest in Terphane Holding for $188M
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Price: $6.46 --0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 8.7%
Revenue Growth %: -100.0%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 8.7%
Revenue Growth %: -100.0%
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Tredegar Corporation (NYSE: TG) reports its subsidiary, Tredegar Film Products Corporation, has agreed to acquire 100% of the equity interests of Terphane Holdings LLC, a leading manufacturer of specialty polyester films with operations in Brazil and the United States. Terphane is currently owned by Vision Capital, an international investment firm.
The approximate purchase price of $188 million will be funded using available cash on hand and financing from Tredegar’s existing $300 million credit facility. Tredegar expects that the acquisition will be accretive within the first year following the acquisition. Closing of the acquisition, which is subject to the satisfaction or waiver of certain customary closing conditions, is expected later in October.
redegar was advised by Deloitte Corporate Finance LLC.
The approximate purchase price of $188 million will be funded using available cash on hand and financing from Tredegar’s existing $300 million credit facility. Tredegar expects that the acquisition will be accretive within the first year following the acquisition. Closing of the acquisition, which is subject to the satisfaction or waiver of certain customary closing conditions, is expected later in October.
redegar was advised by Deloitte Corporate Finance LLC.
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