Amplify Snack Brands (BETR) Announces Completion of Tyrrells Acquisition
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Amplify Snack Brands Completes Strategic Acquisition of Tyrrells and its International Portfolio of Premium Snack Brands
September 2, 2016 8:35 AM EDTAUSTIN, Texas--(BUSINESS WIRE)-- Amplify Snack Brands, Inc. (Amplify or the Company) (NYSE: BETR) announced that effective today it has completed the acquisition of Crisps Topco Limited and Subsidiaries (Tyrrells). Tyrrells is now a wholly-owned subsidiary of Amplify. The Company continues to expect that this acquisition will be accretive to both its 2017 and 2018 diluted earnings per share.
As part of the transaction, Amplify paid approximately £278 million in cash and issued approximately 2.1 million shares of its common stock to Investcorp and members of Tyrrells management team. Amplify financed the cash portion of this transaction with proceeds from a... More
