BRIEF-Colt CZ Group Announces Closing of Acquisition of Valley Steel Stamp Inc.

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June 17 (Reuters) - Colt CZ Group SE CZG.PR:

  • COLT CZ GROUP: ANNOUNCES CLOSING OF ITS ACQUISITION OF ALL OUTSTANDING SHARES OF CAPITAL STOCK OF NEW ENGLAND EXPERT TECHNOLOGIES CORP., A DELAWARE CORPORATION, WHICH FULLY OWNS VALLEY STEEL STAMP INC

  • COLT CZ GROUP: PURCHASE PRICE WAS USD 59.5 MILLION, BEFORE ADJUSTMENT FOR WORKING CAPITAL AND CASH, REPRESENTS A MULTIPLE OF 5.0X 2024 EBITDA OF THE COMPANY'S FIREARMS BUSINESS

  • COLT CZ GROUP: TRANSACTION WAS FINANCED ENTIRELY WITH COMPANY'S EXISTING CASH RESOURCES

Source text: [ID:]

Further company coverage: CZG.PR


((jason.hovet@thomsonreuters.com;))

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