According to Gabelli, Robbins & Myers RBN goals include to increase its aftermarket sales in order to create more stable revenues.
Gabelli reported that the T-3 acquisition increases RBN's aftermarket exposure from 29% to 32% of sales. “The acquisition is expected to be $0.10 per share accretive in the first full year of RBN's ownership. About $9 mm of synergies are expected to come from eliminating corporate costs, consolidating facilities and buying in larger quantities. We calculate a 2012 PMV of $47.”
Robbins & Myers closed yesterday at $43.39.
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