April 29 (Reuters) - Simply Good Foods Co ( SMPL ):

* THE SIMPLY GOOD FOODS COMPANY TO ACQUIRE ONLY WHAT YOU

NEED

(OWYN)

* SIMPLY GOOD FOODS CO ( SMPL ) - PROPOSED DEAL FOR $280 MILLION IN

CASH

* SIMPLY GOOD FOODS CO ( SMPL ): PROPOSED DEAL FOR $280 MILLION IN

CASH

* SIMPLY GOOD FOODS CO ( SMPL ): TO FINANCE TRANSACTION BY USING

ABOUT $50

MILLION CASH ON ITS BALANCE SHEET AND COMMITTED FINANCING FROM

BARCLAYS & DEUTSCHE BANK

* SIMPLY GOOD FOODS CO ( SMPL ): DEAL EXPECTED TO BE APPROXIMATELY

NEUTRAL

TO ADJUSTED DILUTED EARNINGS PER SHARE IN YEAR SUBSEQUENT TO

CLOSING

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