Wesco Aircraft (WAIR) to Acquire Interfast in C$134M Deal
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Wesco Aircraft Holdings, Inc. (NYSE: WAIR), has entered into an agreement to acquire substantially all of the assets of Interfast Inc. for CDN$134 million in cash.
The Company expects the acquisition to close toward the end of its fiscal third quarter or the beginning of its fiscal fourth quarter, subject to customary closing conditions. The acquisition is not expected to have a material impact on Wesco’s adjusted diluted earnings per share for its current fiscal year, but is expected to be accretive on that basis in fiscal 2013.
The Company expects the acquisition to close toward the end of its fiscal third quarter or the beginning of its fiscal fourth quarter, subject to customary closing conditions. The acquisition is not expected to have a material impact on Wesco’s adjusted diluted earnings per share for its current fiscal year, but is expected to be accretive on that basis in fiscal 2013.
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