BRIEF-Stella-Jones to acquire Lufkin Creosoting for $37.5 million

Wed May 11, 2016 8:52pm EDT
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May 11 (Reuters) - Stella-jones Inc :

* Stella-Jones signs definitive agreement to acquire Lufkin Creosoting

* Says definitive share purchase agreement provides for a purchase price of US$37.5 million

* Stella-Jones plans to finance transaction through a combination of debt financing and a vendor note Source text for Eikon: Further company coverage: (Bengaluru Newsroom)