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SCHWEITZER MAUDUIT INTERNATIONAL INC SAYS THE PURCHASE PRICE IS $231.5 MILLION IN CASH

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November 18
5:28 PM 2013

Schweitzer Mauduit International Inc:

  • SWM announces conference call to discuss agreement to acquire Delstar, a leader in the filtration industry
  • Says the purchase price is $231.5 million in cash Says announced the signing of a definitive agreement to acquire Delstar, Inc
  • Says transaction is expected to be accretive to earnings in the first year
  • Says expect to amend and expand existing credit facility to provide with continued capital flexibility
  • Acquisition, dea-related expenses were not contemplated in 2013 guidance for adjusted earnings per share from continuing operations of $3.75

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