Wabtec Corp announced plans to acquire Faiveley Transport on July 27, saying the deal would 'create one of the world's largest public rail equipment companies'with revenues of US$4·5bn and a presence in 'all key freight rail and passenger transit geographies worldwide'. Shareholders owning 51% of Faiveley Transport have entered into exclusive discussions regarding Wabtec's irrevocable offer of €100/share, payable 25% in cash and 75% in Wabtec preferred stock which must be converted into common shares after three years. Wabtec expects that these shareholders will enter into a definitive agreement once regulatory staff consultation is completed. On completion, Wabtec would make a tender offer for the remaining publicly-traded shares, paying €100 per share or Wabtec preferred stock. Faiveley Transport would then be delisted from Euronext if minority interests represent less than 5%. The total purchase price is about US$l'8bn, including assumed debt. Wabtec plans to fund the cash portion with cash on hand, existing credit facilities and potentially other debt financing.
展开▼
机译：Wabtec Corp.宣布计划在7月27日收购Faiveley Transport，称这笔交易将“创建全球最大的公共铁路设备公司之一”，收入达到40.50亿美元，并涉足“全球所有主要货运铁路和旅客运输地区” 。拥有Faiveley Transport 51％的股东已就Wabtec不可撤销的每股100欧元，25％的现金支付和75％的Wabtec优先股的不可撤销的报价进行了独家讨论，三年后必须将其转换为普通股。 Wabtec预计，一旦监管人员咨询结束，这些股东将达成最终协议。交易完成后，Wabtec将以每股100欧元或Wabtec优先股的价格要约收购剩余的公开交易股票。如果少数股东权益少于5％，Faiveley Transport将被从泛欧交易所除牌。包括承担的债务在内，总收购价约为180亿美元。 Wabtec计划通过手头现金，现有信贷额度以及可能的其他债务融资为现金部分提供资金。
展开▼
