Brady corporation plans to acquire gravotech holding

Milwaukee, march 15, 2024 (globe newswire) -- brady corporation (nyse: brc) (“brady”) announced today that it has entered into exclusive negotiations to acquire gravotech holding (“gravotech”) for approximately eur 123 million (approximately usd 133 million). brady expects to fund the transaction with cash on hand as well as with borrowings on its existing credit agreement, and expects to close the transaction by the end of its fiscal year ending july 31, 2024, subject to prior completion of the information-consultation processes under french law and closing conditions, including regulatory clearances.
BRC Ratings Summary
BRC Quant Ranking