Franklin Electric acquires 80% stake in Ympo Motor Pompa Sanayi ve Ticaret (Impo) - MarketLine Financial Deals

Franklin Electric acquires 80% stake in Ympo Motor Pompa Sanayi ve Ticaret (Impo)

Franklin Electric acquires 80% stake in Ympo Motor Pompa Sanayi ve Ticaret (Impo) - MarketLine Financial Deals
Franklin Electric acquires 80% stake in Ympo Motor Pompa Sanayi ve Ticaret (Impo)
Published May 02, 2011
2 pages — Published May 02, 2011
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Brief Excerpt:

...Franklin Electric Co., Inc., a US-based producer and marketer of systems and components for the movement of water and automotive fuels, has acquired an 80% of the outstanding shares of Ympo Motor Pompa Sanayi ve Ticaret A.S. (Impo), a Turkey-based designer, manufacturer and seller of groundwater pumping systems. Franklin Electric funded the acquisition with cash in hands. Announcement (March 24, 2011): Franklin Electric has reached a definitive agreement to acquire an 80% of the outstanding shares of Impo. The transaction is expected to close in the second quarter of 2011. Target Ympo Motor Pompa Sanayi ve Ticaret A.S. Acquirer Franklin Electric Co., Inc. Deal status Completed Deal category Acquisition Deal sub-category Majority acquisition Acquired % 80 Date of announcement Mar 24, 2011 Date of completion May 02, 2011...

  
Source:
Document ID
MA55878_110328
Country
Country
Ticker
FELE=US
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MLA:
MarketLine Financial Deals. "Franklin Electric acquires 80% stake in Ympo Motor Pompa Sanayi ve Ticaret (Impo)" May 02, 2011. Alacra Store. Dec 03, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Franklin-Electric-acquires-80-stake-in-Ympo-Motor-Pompa-Sanayi-ve-Ticaret-Impo-2052-58166>
  
APA:
MarketLine Financial Deals. (2011). Franklin Electric acquires 80% stake in Ympo Motor Pompa Sanayi ve Ticaret (Impo) May 02, 2011. New York, NY: Alacra Store. Retrieved Dec 03, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Franklin-Electric-acquires-80-stake-in-Ympo-Motor-Pompa-Sanayi-ve-Ticaret-Impo-2052-58166>
  
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