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abrdn Emerging Markets Equity Income Fund Inc T.AEF


Primary Symbol: AEF

abrdn Emerging Markets Equity Income Fund, Inc. (the Fund) is a non-diversified closed-end, management investment company. The Fund's investment objective is to seek to provide both current income and long-term capital appreciation. The Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in emerging markets equity securities. The Fund invests in a range of sectors, including information technology, financials, consumer discretionary, materials, industrials, communication services, energy, consumer staples, utilities, real estate, health care, private equity, and short-term investment. The Fund's investment adviser is abrdn Investments Limited. abrdn Investments Limited is an indirect, wholly owned subsidiary of abrdn plc.


NYSEAM:AEF - Post by User

abrdn Emerging Markets Equity Income Fund Inc > WTF!? Acasta Enters into Definitive Agreement to Sell JemPak
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Comment by SOX2STOXon May 10, 2018 9:45pm
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Post# 28015824

RE:WTF!? Acasta Enters into Definitive Agreement to Sell JemPak

RE:WTF!? Acasta Enters into Definitive Agreement to Sell JemPakJemPak original cost:

The purchase price for JemPak is approximately $135 million, subject to certain price adjustments, and is to be paid in $67.5 million in cash and the remainder in Acasta common shares at $10.00 per share. Affiliates of JemPak's two largest shareholders will acquire JemPak's operating facility in Oakville, Ontario and assume the associated mortgage. The JemPak transaction enterprise value of $127 million is equivalent to 8.0x 2017 estimated EBITDA (excluding synergies), which Acasta management believes reflects a discount to public peer trading multiples.

https://www.newswire.ca/news-releases/acasta-enterprises-inc-announces-proposed-acquisition-of-two-investment-platforms-and-launch-of-long-term-private-equity-manager-600678371.html







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