PGH pact group holdings ltd
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News: PGH Pact Group Holdings Announces Acquisition Of Tic Retail Accessories

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    15/08/18
    10:10
    Post #: 34944894

    Aug 15 (Reuters) - Pact Group Holdings Ltd (PGH) :

    • ANNOUNCES ACQUISITION OF TIC RETAIL ACCESSORIES
    • DEAL FOR $122 MILLION
    • ACQUISITION IS EXPECTED TO BE EPS ACCRETIVE IN YEAR ONE
    • ACQUISITION WILL BE FUNDED BY CASH OF $62 MILLION AND AN ISSUE OF $60 MILLION OF SHARES TO VENDORS
    • PACT GROUP-AGREEMENT CONTAINS PROVISIONS FOR EARN-OUT PAYMENTS OF UP TO $30 MILLION, PAYABLE ON DELIVERY OF SPECIFIC FINANCIAL HURDLES FOR FY 2019, 2020
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