LINCOLN ELECTRIC HOLDINGS, INC. (NASDAQ:LECO) Files An 8-K Regulation FD Disclosure
Item7.01
| Regulation FD Disclosure. |
As discussed below under Item 8.01, on April27, 2017, Lincoln
Electric Holdings, Inc. (the Company) entered into a definitive
agreement (the Purchase Agreement) with Air Liquide International
(Air Liquide) to which the Company agreed to purchase the Air
Liquide Welding businesses. The Company will host a conference
call and provide an investor presentation to discuss the proposed
acquisition. A copy of the investor presentation is furnished as
Exhibit 99.1 to this Current Report on Form 8-K.
| Item8.01 | Other Events. |
On April27, 2017,
the Company and Air Liquide entered into the Purchase Agreement.
to the terms of the Purchase Agreement, the Company agreed to
acquire the Air Liquide Welding businesses for 115million
(approximately $125 million), subject to a customary working
capital adjustment. The closing of the acquisition is subject to
the satisfaction or waiver of customary closing conditions,
including, without limitation, (i)the absence of any law or order
that would materially impair the consummation of the acquisition,
(ii)the approval by the applicable competition authorities and
(iii)foreign investment authorization from the applicable French
governmental agency.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibits. |
|
Exhibit |
Description |
|
| 99.1 | Investor Presentation |
About LINCOLN ELECTRIC HOLDINGS, INC. (NASDAQ:LECO)
Lincoln Electric Holdings, Inc. a manufacturer of welding, cutting and brazing products. The Company’s welding products include arc welding power sources, wire feeding systems, robotic welding packages, fume extraction equipment, consumable electrodes and fluxes. The Company’s operating segments include North America Welding, Europe Welding, Asia Pacific Welding, South America Welding and The Harris Products Group. The Company’s North America Welding segment includes welding operations in the United States, Canada and Mexico. The Europe Welding segment includes welding operations in Europe, Russia, Africa and the Middle East. The Asia Pacific Welding segment primarily includes welding operations in China and Australia. The South America Welding segment primarily includes welding operations in Brazil, Colombia and Venezuela. The Harris Products Group includes the Company’s global cutting, soldering and brazing businesses, as well as the retail business in the United States. LINCOLN ELECTRIC HOLDINGS, INC. (NASDAQ:LECO) Recent Trading Information
LINCOLN ELECTRIC HOLDINGS, INC. (NASDAQ:LECO) closed its last trading session down -0.71 at 89.58 with 286,558 shares trading hands.