Aug 27 (Reuters) - Ashley Services Group Ltd (ASH) :
- TO ACQUIRE MAJOR SHAREHOLDING IN CCL GROUP
- ACQUISITION IS EXPECTED TO BE EPS ACCRETIVE IN FY20
- COMBINED ACQUISITION PRICE FOR 80% PURCHASE OF CCL GROUP IS $11.2 MILLION ADJUSTED FOR SUBSEQUENT EARN- OUTS FOR FY20 AND FY21
- EXPECTED FY19 RESULTS OF REVENUE $287 MILLION, EBITDA $9.1 MILLION AND NPAT $5.4 MILLION
- PURCHASE CONSIDERATION WILL BE FUNDED FROM A COMBINATION OF CASH RESERVES AND A NEW BANK FACILITY OF $20 MILLION
Source text http//bit.ly/30D1xQP
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News: ASH Ashley Services Group To Acquire Major Shareholding In Ccl Group
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