(Reuters) - Playtex said the purchase price for the stock of privately held Tiki Hut, and repayment of all outstanding debt at the closing, was $83 million, plus a seasonal working capital adjustment.
The company expects the acquisition to reduce 2007 earnings by 7 cents to 10 cents per share due to the seasonality of the business and the timing of the closing. However, the deal should add moderately to earnings over the first 12 months of ownership, Playtex said.
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