Dec 6 (Reuters) - Cardno Ltd (CDD) : CARDNO ANNOUNCES...

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    Dec 6 (Reuters) - Cardno Ltd (CDD) :

    • CARDNO ANNOUNCES ACQUISITION OF TGM GROUP PTY LTD
    • ON COMPLETION OF TRANSACTION, CARDNO WILL PAY UP TO AUD $21.6 MILLION IN CASH FOR PURCHASE OF TGM
    • TGM IS EXPECTED TO CONTRIBUTE APPROXIMATELY AUD $23 MILLION IN REVENUE OVER NEXT TWELVE MONTHS
    • ACQUISITION WILL BE IMMEDIATELY EARNINGS PER SHARE ACCRETIVE
    • TGM WILL BECOME PART OF CARDNO'S BUSINESS AND WILL BE BRANDED CARDNO TGM

    Source text: bit.ly/2QELWOW

    (([email protected];))

 
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