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Stock impact report

Core-Mark Signs Definitive Agreement to Purchase Farner-Bocken Company

Core-Mark Holding Company, Inc. (CORE) 
Last core-mark holding company, inc. earnings: 3/2 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.core-mark.com/investors
Company Research Source: GlobeNewswire
SOUTH SAN FRANCISCO, Calif., May 22, 2017 (GLOBE NEWSWIRE) -- Core-Mark Holding Company, Inc. (Nasdaq:CORE), one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America, announced today that it has entered into a Definitive Asset Purchase Agreement to acquire substantially all of the assets of Farner-Bocken Company located in Carroll, Iowa.  The purchase price is estimated to be approximately $190 million, predicated on the value of certain assets to be determined at closing. No debt or significant liabilities are being assumed by Core-Mark in the transaction.  Core-Mark will fund the purchase with borrowings under its credit facility.  The closing of this deal is subject to standard regulatory approvals, including HSR and applicable state licensing requirements for the sale of tobacco and other regulated products.  The acquisition is expected to be accretive within the first year following closing, including start-up an Show less Read more
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