Скачать или смотреть Israel Chemicals Paying $270 Mln for Scotts Miracle-Gro Unit

"Tel Aviv-based Israel Chemicals Ltd. (ISCHF) proposes to pay $270 million for Scotts Miracle-Gro Co.'s (SMG) global professional business. Scotts assets involved in the deal include specialty fertilizers, plant-protection products, greenhouses, factories, peat mines and more.

The business employs 340 people, including 200 in technical sales and marketing, ICL said. For the year ended Sept. 30, the operations posted earnings before interest, taxes, depreciation and amortization of $31.4 million on revenue of $242 million. ICL said it would finance the deal with its own resources. The deal is subject to Scotts meeting certain presale conditions and the two sides reaching a sale accord. "