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    AVP   CA05354K3047

AVCORP INDUSTRIES INC.

(AVP)
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Delayed Toronto Stock Exchange  -  09:30 2022-06-22 am EDT
0.1050 CAD    0.00%
06/03Avcorp Mails Meeting Materials Regarding Proposed Acquisition by Latécoère S.A.
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06/03Avcorp Mails Meeting Materials Regarding Proposed Acquisition by Latécoère S.A.
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05/13Avcorp Q1 Net Loss $1.2 Million Vs Net Income of $17.4 Million Year Ago; Revenue up at $27.9 Million Vs $24.0 Million
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French aerospace firm Latecoere buys Canada's Avcorp

05/05/2022 | 04:23am EDT

(Reuters) - French aerospace firm Latecoere has agreed to buy Avcorp for around 41 million Canadian dollars ($32 million) in cash, it said in a statement on Thursday.

Latecoere, which said the deal reflects a 38% premium to Avcorp's closing share price on Wednesday, expects to close in the third quarter of this year.

Chief Executive Thierry Mootz said the acqusition should boost the group's opportunities in North America's defence sector.

Latecoere's stock was up around 2% in early trade. Avcorp is majority owned by Panta Holdings BV.

(Reporting by Sarah Morland)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AVCORP INDUSTRIES INC. 0.00% 0.105 Delayed Quote.0.00%
LATÉCOÈRE -0.79% 0.377 Real-time Quote.-28.87%
All news about AVCORP INDUSTRIES INC.
06/03Avcorp Mails Meeting Materials Regarding Proposed Acquisition by Latécoère S.A.
PR
06/03Avcorp Mails Meeting Materials Regarding Proposed Acquisition by Latécoère S.A.
AQ
05/13Avcorp Q1 Net Loss $1.2 Million Vs Net Income of $17.4 Million Year Ago; Revenue up at ..
MT
05/12Avcorp announces 2022 First Quarter Financial Results
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05/12Avcorp Industries Inc. Reports Earnings Results for the First Quarter Ended March 31, 2..
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05/05Avcorp Up 15% To Latecoere Offer Price
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05/05Avcorp announces execution of Arrangement Agreement
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05/05Avcorp announces execution of Arrangement Agreement
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05/05Latecoere to Increase Exposure to North American Defence and Commercial Aircraft Segmen..
MT
05/05AVCORP BRIEF : Latecoere to Increase Its Exposure to North American Defence and Commercial..
MT
More news
Financials
Sales 2021 99,5 M 77,0 M 77,0 M
Net income 2021 -0,53 M -0,41 M -0,41 M
Net Debt 2021 99,5 M 77,1 M 77,1 M
P/E ratio 2021 -48,6x
Yield 2021 -
Capitalization 38,9 M 30,2 M 30,2 M
EV / Sales 2020 0,87x
EV / Sales 2021 1,26x
Nbr of Employees 492
Free-Float 28,1%
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Managers and Directors
Amandeep Kaler Manager-Metal Bond Cell
Amish Patel Group Vice President-Finance & Secretary
David Levi Chairman
Jaap Rosen Jacobson Independent Director
Kenneth Robertson Independent Director
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