Nov 26 (Reuters) - Bega Cheese Ltd (BGA) : BEGA ACQUIRES LION...

Nov 26 (Reuters) - Bega Cheese Ltd (BGA) :

• BEGA ACQUIRES LION DAIRY & DRINKS AND LAUNCHES CAPITAL RAISE-BGA.AX
• ENTERED INTO A BINDING SHARE SALE AND PURCHASE AGREEMENT TO ACQUIRE ALL OF SHARES IN LION DAIRY & DRINKS
• DEAL FOR $534 MILLION
• UNDERTAKING CAPITAL RAISING AT OFFER PRICE OF $4.60 PER SHARE TO RAISE ABOUT $401 MILLION
• ACQUISITION TO BE FUNDED BY COMBINATION OF NEW, EXTENDED DEBT FACILITIES, PROCEEDS FROM $401 MILLION UNDERWRITTEN ENTITLEMENT OFFER, PLACEMENT
• SEES DOUBLE DIGIT EPS ACCRETION IN FY22 FROM ACQUISITION
• NEW SHARES OFFERED UNDER CAPITAL RAISING WILL BE ISSUED AT FIXED PRICE OF $4.60 PER NEW SHARE

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