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News Breaks | | | | December 10, 2012 | | 08:33 EDT |  | CORE | Core-Mark acquires J.T. Davenport & Sons for $45M to add over $600M in revenues
Core-Mark Holding announced that it has signed a Definitive Stock Purchase Agreement to acquire J.T. Davenport & Sons located in Sanford, North Carolina. The transaction is structured as an all-cash stock acquisition pursuant to which Davenport will become a wholly-owned, indirect subsidiary of Core-Mark. The purchase price is estimated to be approximately $45M, predicated on the value of certain assets and liabilities to be determined at closing. No debt is being assumed in this transaction. Core-Mark will fund this purchase with a combination of cash on hand and borrowings under its $200M revolving credit facility. The deal is expected to close by the end of 2012 and is expected to be accretive in 2013, excluding approximately $2.5M in start-up and conversion costs, a portion of which will be incurred in 2012. | |
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News For CORE From The Last 14 Days Check below for free stories on CORE the last two weeks. |
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| May 7, 2013 | | 08:55 EDT |  | CORE | Core-Mark sees FY13 ex-items $3.90-$4.05, consensus $3.87
Sees FY13 revenue $9.8B, consensus $9.84B. | | | 08:53 EDT | | CORE | Core-Mark reports Q1 EPS ex-items 37c, consensus 42c
 Subscribe for More Information | | | 07:43 EDT | | CORE | Core-Mark announces three-year distribution agreement with Turkey Hill
Core-Mark Holding (CORE) announced the signing of a three year distribution agreement with Turkey Hill, a subsidiary of The Kroger Co (KR). Turkey Hill, the largest of the Kroger's convenience divisions, operates 268 convenience stores across Pennsylvania, Ohio and Indiana including the new flagship store in Marysville, Ohio. | |
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