News: ATL Apollo Tourism & Leisure to acquire Kratzmann Caravans and Clint's Caravan warehouse

May 9 (Reuters) - Apollo Tourism & Leisure Ltd (ATL) :

• Binding agreement to acquire all assets of Kratzmann Caravans and Clint's Caravan warehouse for approximately A$15.6 million
• Kratzmanns acquisition is earnings accretive on a FY17 12 month pro forma basis and is expected to be earnings accretive into FY18
• Canadream acquisition is earnings accretive on FY17 12 month pro forma basis & expects to be earnings accretive on 12 mnth basis into FY18
• Conducting a fully underwritten non-renounceable entitlement offer to raise approximately A$40.3 million
• Says it is on track to exceed prospectus FY17 pro forma forecast NPAT by 5% - 10%