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News Breaks
February 6, 2013
16:44 EDTSWMSchweitzer-Mauduit reports Q4 cont ops EPS 65c, consensus 98c
Reports Q4 revenue $196.8M, consensus $215.36M
News For SWM From The Last 14 Days
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September 22, 2015
07:58 EDTSWMSchweitzer-Mauduit to hold a conference call
Conference call to discuss the agreement to acquire Argotec for $280M in cash will be held on September 22 at 8:30 am. Webcast Link
September 21, 2015
17:19 EDTSWMSchweitzer-Mauduit acquires Argotec for $280M in cash
SWM announced the signing of a definitive agreement to acquire Argotec LLC, a leading producer of highly engineered urethane films for demanding specialty applications in surface protection, glass lamination and medical products. The purchase price is $280M in cash. Given the structure of the transaction and step-up in tax basis, SWM expects to realize tax benefits having an estimated net present value of $65M. Assuming realization of all tax benefits, the after-tax economic cost of the transaction is estimated to be $215M. The transaction is expected to close once customary closing conditions are met, which is anticipated to occur during Q4. Argotec is currently a portfolio company of Wind Point Partners, a private equity firm based in Chicago, Illinois.

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