News: BPS BPS Technology to acquire Entertainment Publications Australia And New Zealand

Aug 11 (Reuters) - BPS Technology Ltd (BPS) :

• BPS makes transformative acquisition (BPS)
• To acquire entertainment publications Australia and New Zealand
• Acquisition set to boost BPS' growth profile with Fy17e pro forma revenue growth of 118% and fy17e pro forma EBITDA growth of 49%
• Says consideration for entertainment publications acquisition is $22.5 million in cash and 2,659,574 in BPS shares
• Investors will be issued approximately 29.3 million shares under the institutional placement at $0.94 per share