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Stock Market & Financial Investment News

News Breaks
January 24, 2013
16:16 EDTSCSCScansource sees Q3 EPS 48c-50c, consensus 62c
Sees revenue $675M-$695M , consensus $731.77M
News For SCSC From The Last 14 Days
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January 12, 2015
08:33 EDTSCSCScansource signs agreemen to acquire Network1
ScanSource has signed a definitive agreement to purchase Network1, Intersmart Comércio Importação Exportação de Equipamentos Eletrônicos, S.A. Network1 is one of Brazil’s leading value-added distributors with a strong offering of communications equipment and services. As part of the transaction, ScanSource has purchased all of Network1’s operations throughout Latin America, including Brazil, Mexico, Colombia, Chile and Peru. The acquisition is anticipated to close this week, upon completion of the transfer of funds. The acquisition is expected to be accretive to earnings per share and return on invested capital in the first year after closing, excluding one-time acquisition costs. The all-cash transaction includes an initial purchase price payment and a fixed amount of assumed net debt for an initial purchase price of approximately R$15M, or approximately $60M, plus earnout payments based on EBITDA over the next four years.

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