News: PGH Pact Group acquires specialty co-manufacturer APM for A$90 million

Sept 5 (Reuters) - Pact Group Holdings Ltd (PGH) :

• Pact Group acquires specialty co-manufacturer apm (PGH)
• Deal for $90 million
• Entered into an agreement to acquire specialty co-manufacturer, Australian pharmaceutical manufacturers
• Says completion is expected to occur on 16 September 2016, subject to customary conditions
• Says acquisition will be funded by $75 million of bank debt and a share issue of $15 million
• Acquisition will be EPS accretive in year one
• Says operational synergies of $1 million expected to be realised over 18 months
• Transaction costs of approximately $1M to be accounted for in FY 2017"