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Stock Market & Financial Investment News

News Breaks
July 3, 2014
07:32 EDTMYEMyers completes Scepter acquisition
Myers Industries announced that on July 2, it completed the acquisition of Scepter. The final purchase price was $157M. Other terms of the agreement were not disclosed. Scepter is expected to be immediately accretive to adjusted EPS and to generate a return on investment above the company’s cost of capital. The company anticipates realizing synergies of more than $2M on an annual basis driven by material cost savings and plant efficiencies.
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