Richey-Simmonds Deal
(Dow Jones)
GARDEN GROVE — Richey Electronics Inc. said it has completed its acquisition of Simmonds Capital Ltd.’s Simmonds Technologies Inc. unit, a Toronto-based distributor of electronic components.
Richey said the acquisition could dilute its earnings in the third and fourth quarters this year. Richey refinanced Simmonds Technologies bank debt and issued to Simmonds Capital a warrant to purchase about 200,000 Richey shares at about $10 per share.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
