Macfarlane Group Plc (MACF) acquired 100% equity of Leyland Packaging Company for a maximum consideration of £3.25 million. Leyland is a successful packaging distributor focusing on industrial customers. The business will get access to Macfarlane’s exhaustive range of protective packaging products and services.
The acquisition demonstrates that Macfarlane deploys both organic expansion and acquisition to grow its business. The acquisition is expected to lead to increased earnings per share in its first full year of operations.
On 2nd September 2019, at the time of writing, GMT 10:48 AM, MACF shares were trading at GBX 95, at par against the previous day closing price.
With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities.
Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?
Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.
We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.