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BRIEF-Sonoco To Acquire Eviosys
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BRIEF-Sonoco To Acquire Eviosys
Jun 24, 2024 3:39 AM

June 24 (Reuters) - Sonoco Products Co ( SON ):

* SONOCO TO ACQUIRE EVIOSYS, CREATING THE WORLD'S LEADING

METAL

FOOD CAN AND AEROSOL PACKAGING PLATFORM

* SONOCO PRODUCTS CO ( SON ): PROPOSED DEAL FOR APPROXIMATELY $3.9

BILLION

* SONOCO PRODUCTS CO ( SON ) - SONOCO'S ACQUISITION IMMEDIATELY

ACCRETIVE

TO EPS

* SONOCO PRODUCTS CO ( SON ): ACQUISITION EXPECTED TO BE OVER 25%

ACCRETIVE TO 2025 EXPECTED ADJUSTED EPS

* SONOCO PRODUCTS CO ( SON ): SEES TO ACHIEVE OVER $100 MILLION OF

SYNERGIES FROM INTEGRATION OF EVIOSYS WITH SONOCO'S

COMPLEMENTARY METAL CAN BUSINESS

* SONOCO PRODUCTS ( SON ): TO FINANCE DEAL WITH NEW DEBT AND

PROCEEDS FROM

ISSUANCE OF UP TO $500 MILLION IN EQUITY

* SONOCO PRODUCTS ( SON ): INTENDS TO DIVEST THERMOSAFE AS WELL AS

OTHER

BUSINESSES

* SONOCO PRODUCTS ( SON ): SEES TO ACHIEVE AT LEAST $1 BILLION OF

TOTAL

PROCEEDS FROM DIVESTITURES IN NEXT 12 TO 18 MONTHS

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