Floor & Decor Holdings, Inc. (FND) PT Raised to $140 at Telsey
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Floor & Decor Accelerates its Growth in Commercial Flooring with the Acquisition of Spartan Surfaces
May 13, 2021 4:05 PM EDTATLANTA--(BUSINESS WIRE)-- Floor & Decor (NYSE: FND) today announced that it has entered into a definitive agreement to acquire 100% of Spartan Surfaces, a leading end-to-end commercial flooring specifying distribution company headquartered in Bel Air, Maryland for consideration of up to $90 million. A portion of the consideration will be paid through 2024 based on the achievement of predefined fiscal performance goals. The acquisition will be financed with cash-on-hand and $5 million of Floor & Decor common stock. It is expected to be accretive but not material to Floor & Decors diluted earnings per share for fiscal 2021, excluding... More
