Aug 18 (Reuters) - IPH Ltd (IPH) :
- AGREEMENT TO ACQUIRE IP AGENCY PRACTICE OF SMART & BIGGAR, WHICH WILL HOLD INTEREST IN LEGAL PRACTICE OF SMART & BIGGAR
- CONSIDERATION FOR ACQUISITION IS A$387M
- TRANSACTION CONSIDERATION WILL BE FUNDED BY DEBT FACILITIES, CASH RESERVES AND ISSUANCE OF IPH SHARES TO VENDORS
- AGREED AMENDED DEBT FACILITIES WITH ITS EXISTING BANK FINANCIERS AS PART OF TRANSACTION
- IPH'S PRO FORMA TOTAL DRAWN DEBT POST TRANSACTION WILL BE APPROXIMATELY A$390M
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