World Fuel Services (INT +2.1%) agrees to acquire assets of Multi Service, which specializes in...

|About: World Fuel Services Corpora... (INT)|By:, SA News Editor

World Fuel Services (INT +2.1%) agrees to acquire assets of Multi Service, which specializes in fleet, government and commercial payment programs, for $137M. INT expects the transaction to be $0.16-$0.20 accretive to earnings on a non-GAAP basis in the first 12 months. The deal will be funded mostly through existing credit facilities.