News: PDL Pendal Group To Buy Thompson, Siegel & Walmsley For US$320 Mln

May 10 (Reuters) - Pendal Group Ltd (PDL) :

• ACQUISITION OF TSW
• DEAL FOR US$320 MILLION
• TO ACQUIRE 100% OF THOMPSON, SIEGEL & WALMSLEY LLC
• CO'S CONSOLIDATED FUM WILL INCREASE BY 30% TO A$132 BILLION AFTER DEAL
• DEAL WILL BE FUNDED WITH COMBINATION OF EQUITY, DEBT AND EXISTING CAPITAL
• DEAL EXPECTED TO BE DOUBLE DIGIT EPS ACCRETIVE IN FIRST FULL YEAR POST COMPLETION
• TSW'S CEO, JOHN REIFSNIDER, WILL BE APPOINTED CEO OF PENDAL'S COMBINED US BUSINESS
• TO FUND ACQUISITION, CO UNDERTAKING FULLY UNDERWRITTEN PLACEMENT TO RAISE $190 MILLION THROUGH ISSUE OF 27.9 MILLION NEW FULLY PAID SHARES