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Combination Enhances Purchasing Capability and Extends Industry Reach
Avendra is the leading hospitality procurement services provider in
“By uniting the proven purchasing and supply chain management expertise
of our two companies, we will create increased scale and improve service
levels for our customers, strengthen our industry reach, provide new
opportunities for our associates and drive sustained shareholder value,”
said
The merger also creates opportunities for
Avendra will continue to operate under the Avendra brand name, and its
headquarters will remain in
About
Cautionary Statements Regarding Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect our current views as to future events and financial performance including with respect to, without limitation, the benefits of our acquisition of Avendra, as well as statements regarding Avendra’s and our services and products. These statements can be identified by the fact that they do not relate strictly to historical or current facts. They relate to the topics set forth above or use words such as "outlook," "aim," "anticipate," "are confident," "have confidence," "estimate," "expect," "will be," "will continue," "will likely result," "project," "intend," "plan," "believe," "see," "look to" and other words and terms of similar meaning or the negative versions of such words.
Forward-looking statements speak only as of the date made. These
forward-looking statements are subject to risks and uncertainties that
may change at any time, and, therefore, our actual results may differ
materially from those that we expected. Such risks and uncertainties
include, among others, our ability to successfully integrate Avendra’s
business and costs and timing related thereto, the risk of unanticipated
restructuring costs or assumption of undisclosed liabilities, the risk
that we are unable to achieve the anticipated benefits (including tax
benefits) and synergies of the acquisition of Avendra including whether
the transaction will be accretive and within the expected timeframe, the
availability of sufficient cash to repay certain indebtedness and our
decision to utilize the cash for that purpose, the disruption of the
transactions to Avendra and its management; Avendra’s ability to retain
and hire key personnel and maintain relationships with customers,
suppliers and other third parties, our ability to attract new or
maintain existing customer and supplier relationships at reasonable
cost, our ability to retain key personnel and the other factors set
forth in the "Risk Factors," -" Legal Proceedings" and "Management
Discussion and Analysis of Financial Condition and Results of
Operations" sections and other sections of our Annual Report on Form
10-K filed with the
View source version on businesswire.com: http://www.businesswire.com/news/home/20171211006183/en/
Source:
Aramark
Media Inquiries:
Karen Cutler, 215-238-4063
Cutler-Karen@aramark.com
or
Investor
Inquiries:
Kate Pearlman, 215-409-7287
Pearlman-Kate@aramark.com