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re: Ann: Acquires Interest in Fluidstar and E... Fluidstar...

  1. 151 Posts.
    re: Ann: Acquires Interest in Fluidstar and E...
    Fluidstar bought for $12m & Ecospin $0.5m. Purchases Purchases funded from cash/bank facilities

    The transactions are expected to be immediately earnings per share accretive (pre-synergies) in
    the first full financial year, FY11 with significant opportunity to generate synergies and grow the
    earnings of these businesses in the future

    IMO: although minor aquisition, this is another positive gain for shareholders
 
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