secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL CORP /VA/ (UVV)
CIK:        0000102037
Form:       8-K
Filed at:   2021-09-07T23:59:59+00:00
Accession:  0001193125-21-266242
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Universal Corporation to acquire Shank's Extracts for approx. $100M to boost plant-based ingredients platform
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- Acquires 100% of Shank’s for ~$100M cash; real property acquired separately for ~$13.325M.
- Shank’s is a 120-year-old flavoring & extracts company with over 2,400 products, strong vanilla expertise.
- Shank’s employs 200+ at a 191,000 sq ft campus in Lancaster, PA; will operate under Universal’s plant-based platform.
- Deal expected to close Q4 2021, subject to regulatory approvals; anticipated accretive to earnings in FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/102037/000119312521266242/0001193125-21-266242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/102037/000119312521266242/d216193d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-266242

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