Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Oct 11 9:30 AM EDT

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To: richardred who wrote (1893)	2/7/2008 11:37:29 AM
From: richardred	Read Replies (2) of 7120

Multi-Color Announces Impact to Earnings per Share from Acquisition of Collotype International Holdings Thursday February 7, 11:31 am ET SHARONVILLE, Ohio, Feb. 7 /PRNewswire-FirstCall/ -- Multi-Color Corporation (Nasdaq: LABL - News) announced today that its acquisition of Collotype International Holdings Pty. Ltd. ("Collotype") is expected to close by the end of February 2008. Both parties are in the process of finalizing closing documentation to satisfy the conditions and other closing deliveries required by the purchase agreement. The transaction is expected to be accretive to earnings immediately upon completion. Multi-Color estimates this acquisition will increase Earnings per Share by 22 cents to 24 cents in the first full year of operation. Pro Forma financial results will be reported after the closing in accordance with SEC regulations. Frank Gerace, President and CEO of Multi-Color commented, "We continue to be encouraged by the potential growth that a Multi-Color and Collotype combination provides. We expect a smooth integration process and have identified business opportunities that will have an immediate positive impact." biz.yahoo.com

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