Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

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Dec 5 9:30 AM EST

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To: richardred who wrote (2256)	7/17/2010 4:12:51 PM
From: richardred	Read Replies (2) of 7252

Multi-Color to buy Italian label maker for $61.6 mln Tue Jun 29, 2010 5:08pm EDT * Deal to add to earnings immediately * Strengthens presence in wine, spirit label market * To gain entry to olive oil label market June 29 (Reuters) - Consumer products label company Multi-Color Corp (LABL.O) said it would acquire Italy's Guidotti CentroStampa for 50.5 million euros ($61.60 million) in cash and stock, to enter the olive oil label market. With the acquisition of the Italian wine, spirit and olive oil specialist Guidotti, Multi-Color expects to strengthen its presence in the wine and spirit label market and also gain reach into regions with over three quarters of the world's wine production. Under the deal, 80 percent of the proceeds would be paid in the form of cash and 20 percent in the form of Multi-Color stock at an agreed-upon stock price, the company said in a statement. The acquisition is expected to close on or about July 1 and is expected to add to earnings of Multi-Color immediately. Shares of Micro-Color closed at $10.28 Tuesday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Vyas Mohan) reuters.com

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