Seeking Alpha

Colfax to buy Victor Technologies for $947M, announces 6.5M-share offering

  • Colfax (CFX) agrees to acquire Victor Technologies, a manufacturer of cutting, gas control and specialty welding solutions, from Irving Place Capital for $947M, including the assumption of debt.
  • CFX says it expects the acquisition to be immediately accretive to adjusted EPS and free cash flow.
  • To finance the deal, CFX will begin a public offering of 6.5M common shares.
  • CFX -1.5% AH.
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