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BRIEF-Standex Acquires Amran Instrument Transformers And Narayan Powertech Pvt., Ltd.
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BRIEF-Standex Acquires Amran Instrument Transformers And Narayan Powertech Pvt., Ltd.
Nov 3, 2024 1:36 PM

Oct 29 (Reuters) - Standex International Corp ( SXI ):

* STANDEX ACQUIRES AMRAN INSTRUMENT TRANSFORMERS AND NARAYAN

POWERTECH PVT., LTD.

* STANDEX INTERNATIONAL CORP ( SXI ) - COMBINED ENTERPRISE VALUE OF

$462

MILLION

* STANDEX INTERNATIONAL CORP ( SXI ) - CASH CONSIDERATION FINANCED

USING

CASH-ON-HAND AND $250 MILLION TERM LOAN

* STANDEX ( SXI ) - DEALS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO

FINANCIAL METRICS IN 1ST FULL YEAR AFTER CLOSE

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