Gardner Denver, Inc. reported that it has completed its previously announced acquisition of Thomas Industries Inc. (“Thomas”). Total cash consideration for the outstanding shares and share equivalents of Thomas amounted to $734.2 million. The net transaction value, including the assumption of $8.7 million of long term debt and net of $262.8 million of cash acquired, was approximately $480.1 million.
Search results for: Thomas Industries
Acquisition of Thomas Industries Receives Regulatory Approval
Thomas Industries Inc. reported that its previously announced agreement to be acquired by Gardner Denver, Inc. has received all required regulatory approvals. The transaction is scheduled …
Financing Arrangements for Acquisition of Thomas Industries
Gardner Denver, Inc. announced that it has amended its existing credit agreement to provide for a new $380 million five-year senior secured term loan facility from a syndicate of 22 lenders in connection with its planned acquisition of Thomas Industries Inc.
Thomas Industries Declares Dividend and Elects Vice President of Worldwide Pumps and Compressors
The Board of Directors of Thomas Industries Inc. has declared a quarterly cash dividend of 9-1/2 cents per share, payable July 1, 2005, to shareholders of record June 3, 2005. This will be the 200th consecutive quarterly cash dividend paid by the Company.
Gardner Denver Announces Agreement to Acquire Thomas Industries
Gardner Denver, Inc. announced today that it has signed a definitive agreement to acquire Thomas Industries Inc., a worldwide leader in the design, manufacture and marketing of precision engineered pumps and compressors, for a purchase price…
Thomas Industries Reports Year-End Sales and Earnings
Thomas Industries Inc. today reported record earnings for the year ended December 31, 2004, on net sales that were a record for its pump and compressor business.
Thomas Industries Acquires Side Channel Blower Business
Thomas Industries Inc. announced that is has finalized the acquisition of certain assets of the side channel blower business of Ruey Chaang Electric Co., Ltd. of Taipei, Taiwan. The side channel blower business had sales of approximately nine million dollars in 2004 and has 34 employees.
Thomas Industries Inc. to Review Strategic and Financial Alternatives
Thomas Industries Inc. yesterday reported that it is undertaking a review of strategic and financial alternatives, including exploration of acquisitions, stock buybacks, …
Thomas Industries Reports Third Quarter Sales and Earnings
Thomas Industries Inc. reported record earnings for the three months ending September 30, 2004, of $90,268,000 or $5.07 per share, versus $10,583,000, or $.60 per share in the comparable period in 2003.