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December 10, 2012
08:33 EDTCORECore-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.
News For CORE From The Last 14 Days
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March 6, 2015
10:33 EDTCORECore-Mark management to meet with Jefferies
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March 2, 2015
08:37 EDTCORECore-Mark sees FY15 EPS ex-items $2.26-$2.33, consensus $2.63
Sees FY15 revenue $10.7B-$11B, consensus $11.26B.
08:35 EDTCORECore-Mark reports Q4 EPS 62c, consensus 65c
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