M&A
confidence high
sentiment positive
materiality 0.85
ESCO to acquire Megger Group for $2.35B in cash and stock, financed with up to $1.5B debt
ESCO TECHNOLOGIES INC
- Purchase price ~$2.35B: $922M cash plus 5.1M shares of ESCO common stock.
- Debt financing commitment up to $1.5B from JPMorgan; bridge and backstop facilities arranged.
- Closing subject to HSR, CFIUS, DCSA approvals and foreign merger control; outside date Apr 15, 2027.
- Post-closing shareholder agreement grants TBG board seat, 12-month share lock-up, standstill provisions.
- Consideration Shares issued as unregistered securities under Section 4(a)(2) of the Securities Act.