secwatch.observer — SEC 8-K summary
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Issuer:     WATTS WATER TECHNOLOGIES INC (WTS)
CIK:        0000795403
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001558370-23-016608
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.03, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watts Water completes $303M acquisition of Bradley Corporation, borrows $210M
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- Acquired Bradley for $303M (subject to adjustments); net ~$268M after estimated tax benefits of ~$35M.
- Funded via $210M draw on revolving credit facility plus cash on hand; total revolver usage $310M.
- Bradley has annual net sales of ~$200M, specializing in commercial washroom and emergency safety products.
- CEO Pagano cited 250+ years combined experience; further details on Q3 earnings call Nov 2, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/795403/000155837023016608/0001558370-23-016608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/795403/000155837023016608/wts-20231020x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016608

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer