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Stock Market & Financial Investment News

News Breaks
February 21, 2013
16:20 EDTCHEFChef's Warehouse reports Q4 modified pro forma EPS 24c, consensus 22c
Reports Q4 revenue $142.6M, consensus $130.16M.
News For CHEF From The Last 14 Days
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January 20, 2015
07:26 EDTCHEFJefferies to hold a summit
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January 12, 2015
07:07 EDTCHEFChefs' Warehouse sees Del Monte Meat transaction closing near end of Q1
07:07 EDTCHEFChefs' Warehouse sees FY15 pro forma EPS 70c-80c
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07:05 EDTCHEFChefs' Warehouse to acquire Del Monte Meat for $191.2M
Chefs' Warehouse announced that it has entered into a definitive agreement to acquire substantially all of the assets and certain equity interests of Del Monte Capitol Meat Co. and its affiliated companies for approximately $191.2M including cash, stock and notes. Del Monte is expected to generate approximately $200M-$225M in annualized net sales in 2015. The purchase price for the business is expected to be approximately $191.2M, consisting of the following: $127.5M in cash, which will be funded from cash on hand and additional borrowings under the company's existing credit arrangements;1.2M shares of the company's common stock; $38.3M in convertible subordinated notes with a six-year maturity bearing interest at 2.5% with a conversion price of $29.70 per share. In addition, the company will pay additional contingent consideration which is expected to total approximately $25.5M.
07:03 EDTCHEFChefs' Warehouse to acquire Del Monte Meat for $191.2M

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