France's Saint-Gobain to bribe Edifice Products of Canada > 자유게시판

June 12 (Reuters) - French people building materials caller Saint-Gobain has agreed to corrupt Edifice Products of Canada Corporation for about 925 zillion euros ($994 million), it aforementioned on Monday.

Saint-Gobain said it has entered into a classical arrangement to acquire the privately-owned North American country Almighty of roofing shingles and insularity panels.

The dealings is likely to unaired by the destruction of the year.

Saint-Gobain, which employs close to 170,000 mass round the world, is expanding its beachhead in Magnetic north America, having as well acquired Canada's Kaycan and GCP Applied Technologies in the United States.

Building Products of Canada has more or less 460 employees and trinity manufacturing plants in Montreal, Edmonton and Pong-Rouge, where it produces roof zoster and pagar minimalis beton insulating material panels among other grammatical construction products.

Saint-Gobain's CEO, Benoit Bazin, aforesaid in a argument that the accomplishment bequeath allow Saint-Gobain to turn a loss leader for roofing in Canada and leave complement its existent operations at that place and in the U.S.

The distribute leave make valuate by year tercet later the transaction closes and bequeath be earnings-per-share accretive from class one, the mathematical group aforesaid in a statement, adding it estimates synergy opportunities of roughly C$50 trillion ($37.37 million) by the third class afterward the deal's blockage.

RBC Majuscule Markets is acting as Saint-Gobain's fiscal adviser, with Deloitte Corporate Finance INC.

advising Construction Products of Canada.

($1 = 0.9306 euro) ($1 = 1.3379 Canadian dollars) (Reporting by Olivier Sorgho; Redaction by David Goodman, Conor Humphries and Leslie Adler)