News: BWX BWX Enters Into Partnership With Go-To Skincare

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    Aug 27 (Reuters) - BWX Ltd (BWX) :

    • ENTERS INTO PARTNERSHIP WITH GO-TO SKINCARE
    • ENTERED INTO A SHARE PURCHASE AGREEMENT TO ACQUIRE A 50.1% INTEREST IN GO-TO
    • DEAL FOR A$89M
    • PARTNERSHIP EXPECTED TO BE MID-SINGLE DIGIT EPS ACCRETIVE ON FY21 PRO FORMA BASIS (PRE-SYNERGIES)
    • PARTNERSHIP TO BE FUNDED WITH ABOUT A$85M INSTITUTIONAL PLACEMENT AND ABOUT A$15M SHARE PURCHASE PLAN
    • PLACEMENT AT A$4.85 PER SHARE
 
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