financetom
Business
financetom
/
Business
/
BRIEF-Ares Management Corporation To Acquire GCP International
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
BRIEF-Ares Management Corporation To Acquire GCP International
Oct 8, 2024 4:25 AM

Oct 8 (Reuters) - Ares Management Corp ( ARES ):

* ARES MANAGEMENT CORPORATION TO ACQUIRE GCP INTERNATIONAL

* ARES MANAGEMENT CORP ( ARES ) - TO ACQUIRE GCP INTERNATIONAL FOR

$3.7

BILLION

* ARES MANAGEMENT CORP ( ARES ) - DEAL INCLUDES $1.8 BILLION IN CASH

AND

$1.9 BILLION IN ARES SHARES

* ARES MANAGEMENT CORP ( ARES ): PROPOSED DEAL FOR VALUED AT $3.7

BILLION.

* ARES MANAGEMENT CORP ( ARES ) - DEAL EXPECTED TO BE MODESTLY

ACCRETIVE TO

ARES' INCOME PER SHARE

* ARES MANAGEMENT CORP ( ARES ) - SECURES BRIDGE FINANCING FROM

MORGAN

STANLEY AND CITIGROUP

Source text for Eikon:

Further company coverage:

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Appfolio Insider Sold Shares Worth $766,649, According to a Recent SEC Filing
Appfolio Insider Sold Shares Worth $766,649, According to a Recent SEC Filing
Aug 20, 2024
01:36 PM EDT, 08/20/2024 (MT Newswires) -- William Shane Trigg, Director, Chief Executive Officer, on August 16, 2024, sold 3,501 shares in Appfolio ( APPF ) for $766,649. Following the Form 4 filing with the SEC, Trigg has control over a total of 81,699 shares of the company, with 81,699 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1433195/000143319524000118/xslF345X03/wk-form4_1724174744.xml Price: 219.43, Change: -4.15,...
BMO on Couche-Tard's Possible Acquisition of Seven & i
BMO on Couche-Tard's Possible Acquisition of Seven & i
Aug 20, 2024
01:47 PM EDT, 08/20/2024 (MT Newswires) -- Alimentation Couche-Tard's ( ANCTF ) acquisition of Seven & i, if it went through, could require significant financing. BMO's scenario (includes assumed divestitures) requires US$13 billion of debt and US$29 billion of equity (50% dilution), analyst Tamy Chen writes. Chen notes that there may be anti-trust risk given what looks like decent overlap...
BMO Keeps Outperform, $257 Target on WSP Global
BMO Keeps Outperform, $257 Target on WSP Global
Aug 20, 2024
01:41 PM EDT, 08/20/2024 (MT Newswires) -- BMO has kept its Outperform rating and $257 target on WSP Global ( WSPOF ) after coming off research restriction following the completion of the equity offering to support the acquisition of Power Engineers. The transaction bolsters WSP's position in the high-growth power & energy sector and should result in meaningful cost and...
Google Enters 2 Agreements on Renewable Energy Projects
Google Enters 2 Agreements on Renewable Energy Projects
Aug 20, 2024
01:36 PM EDT, 08/20/2024 (MT Newswires) -- Alphabet's (GOOG) Google ( GOOG ) said Tuesday it has entered into two new partnerships to decarbonize the electric supply of its operations in Ohio and Virginia and its under construction site in Indiana. The agreement with Energix Renewables will allow the development of a 1.5-gigawatt portfolio of new solar projects in the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved