Ann Gurkin

Chris Reynolds

Daniel Harriman

- World Kinect Corporation (WKC) has signed a definitive agreement to acquire Universal Weather and Aviation's Trip Support Services (TSS) division for approximately **$220 million**, consisting of **$160 million** cash payable at closing and **$60 million** payable over four years.  **[102037_a76cc2b6bf034e10a2d9abd77fca63b9_0]** 
- The acquisition is expected to be approximately **7% accretive** to WKC's adjusted earnings per share in the first year after closing.  **[102037_a76cc2b6bf034e10a2d9abd77fca63b9_0]** 
- WKC anticipates achieving approximately **$15 million** in annual net cost synergies by the end of the second year after closing.  **[102037_a76cc2b6bf034e10a2d9abd77fca63b9_0]** 
- The transaction is subject to customary closing conditions and is expected to be completed within **60 to 90 days**.  **[102037_a76cc2b6bf034e10a2d9abd77fca63b9_0]**

UNIVERSAL CORP /VA/ (UVV)