secwatch.observer — SEC 8-K summary
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Issuer:     Simply Good Foods Co (SMPL)
CIK:        0001702744
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001104659-24-054943
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Simply Good Foods acquires OWYN for $280M cash; expects ~$120M 2024 net sales
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- Purchase price of $280M cash for 100% of Only What You Need (OWYN), a plant-based RTD protein shake brand.
- OWYN expected to achieve ~$120M net sales in 2024; transaction multiple ~2.3x sales or 13.3x Adjusted EBITDA incl. synergies.
- Financed with ~$50M balance sheet cash and committed debt from Barclays and Deutsche Bank; pro forma leverage ~1.5x.
- Expected to close by end of fiscal year 2024 (Aug 27, 2024); subject to HSR and customary conditions.
- Transaction expected to be approximately neutral to Adjusted Diluted EPS in the year after close, excluding one-time costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1702744/000110465924054943/0001104659-24-054943-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1702744/000110465924054943/tm2413019d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-054943

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