BRIEF-Bel Announces Agreement To Acquire Enercon Technologies For $400 Mln-February 2024-www.financetom.com

BRIEF-Bel Announces Agreement To Acquire Enercon Technologies For $400 Mln

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

BRIEF-Bel Announces Agreement To Acquire Enercon Technologies For $400 Mln

Sep 25, 2024 6:17 PM

Sept 18 (Reuters) - Bel Fuse Inc ( BELFA ):

* BEL ANNOUNCES AGREEMENT TO ACQUIRE ENERCON TECHNOLOGIES

* BEL FUSE INC ( BELFA ) - TO ACQUIRE MAJORITY STAKE IN ENERCON FOR

$400

MILLION

* BEL FUSE INC ( BELFA ) - EXPECTED TO BE ACCRETIVE TO BEL'S GAAP EPS

WITHIN ONE-YEAR POST-CLOSE, AND TO BEL'S NON-GAAP EPS ON DAY 1

* BEL FUSE INC ( BELFA ): INTENDS TO FINANCE ACQUISITION WITH CASH ON

HAND &

EXPANSION OF EXISTING CREDIT FACILITY.

Source text for Eikon:

Further company coverage:

Previous page： Innovative Industrial Properties Approves $100 Million Buyback Program Next page： Mitsubishi UFG Comments on Strong Performance of Emerging Market Currencies

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.

Show More Comments

Related Articles >

Innovative Industrial Properties Approves $100 Million Buyback Program

Mar 18, 2025

06:34 AM EDT, 03/18/2025 (MT Newswires) -- Innovative Industrial Properties ( IIPR ) said in a filing late Monday its board has authorized a $100 million share repurchase program for its common stock, set to run for a year. Repurchases may occur through open market purchases, block trades, or private transactions, the company said. The buyback is expected to be...

Mitsubishi UFG Comments on Strong Performance of Emerging Market Currencies

Mar 18, 2025

06:37 AM EDT, 03/18/2025 (MT Newswires) -- Emerging market (EM) currencies have continued to rebound against the US dollar (USD) at the start of this year and they are currently on track for their best quarterly performance since Q4 2020 following the negative COVID-19 shock, said MUFG. The best-performing EM currencies over the past week have been Russia's RUB (+4.1%...

KBR Awarded $229 Million Contract to Study Improvements to CH-47 Transport Helicopters

Mar 18, 2025

06:38 AM EDT, 03/18/2025 (MT Newswires) -- KBR (KBR) said Tuesday it has been awarded an estimated $229 million contract under the Department of Defense Information Analysis Center's multiple-award contract vehicle to provide life cycle research and analysis for US Army Cargo Helicopter Systems. Under the terms of the five-year contract, KBR said it will research, analyze, assess, and develop...

Tencent Music Fourth-Quarter Results Top Views; Sees Double-Digit Subscription Revenue Growth

Mar 18, 2025

06:38 AM EDT, 03/18/2025 (MT Newswires) -- Tencent Music Entertainment ( TME ) reported better-than-expected fourth-quarter earnings and revenue on Tuesday as the company saw double-digit gains in music subscription sales. The Chinese music and audio entertainment platform company's non-IFRS earnings came in at 1.47 renminbi ($0.20) per American depositary share for the December quarter, up from 1 renminbi the...