S&P: Getronics unaffected

Standard & Poor's said Getronics NV's (B+/positive/--) intention to make a €350 million cash-friendly offer for its competitor Pinkroccade will not affect the ratings or outlook on the company.

S&P said the credit impact of the transaction will be the same as in the €338 million cash and share offer announced in November, a €100 million net debt increase.

Getronics plans to finance €250 million of the consideration from a fully underwritten rights issue, according to S&P.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.