Scotts Miracle-Gro shares slip after $450 million acquisition announced [MarketWatch]
Scotts Miracle-Gro Company (The) (SMG)
Last scotts miracle-gro company (the) earnings: 1/29 07:00 am
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Source: MarketWatch
Scotts Miracle-Gro shares slip after $450 million acquisition announced Scotts Miracle-Gro Co. SMG, -2.30% shares are down 2.2% in Wednesday trading after the lawn and garden company announced an agreement to acquire Sunlight Supply Inc., a hydroponics distributor, for $425 million in cash and $25 million in Scotts Miracle-Gro equity upon completion of the deal. The deal will create a distribution model for The Hawthorne Gardening Co., a wholly-owned subsidiary of Scotts Miracle-Gro. Hawthorne had 2017 sales of about $290 million and has a portfolio of brands that includes Gavita and Botanicare. Sunlight has a 350,000-square-foot distribution center in Vancouver, Wa. along with three other North American facilities. Hawthorne Gardening and Sunlight Supply are expected to have about $600 million in annualized sales. In fiscal 2018, the deal is expected to be dilutive by 30 cents to 40 cents per share on an adjusted basis. The company expects to achieve $35 million in financial syner
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News
- Scotts (SMG) Subsidiary Teams With BFG for Hydroponic Growth [Yahoo! Finance]Yahoo! Finance
- The Scotts Miracle-Gro Company (NYSE: SMG) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- The Scotts Miracle-Gro Company (NYSE: SMG) had its "market perform" rating re-affirmed by analysts at Raymond James.MarketBeat
- Is Now An Opportune Moment To Examine The Scotts Miracle-Gro Company (NYSE:SMG)? [Yahoo! Finance]Yahoo! Finance
- Organic Fertilizers Market worth $13.6 billion by 2029 - Exclusive Report by MarketsandMarkets™ [Yahoo! Finance]Yahoo! Finance
SMG
Earnings
- 2/7/24 - Beat
SMG
Sec Filings
- 3/28/24 - Form 4
- 3/12/24 - Form 4
- 3/12/24 - Form 4
- SMG's page on the SEC website