Feb 13 (Reuters) - IPH Ltd (IPH) :
- ANNOUNCES ACQUISITION OF A STAKE IN XENITH
- HAS ACQUIRED AN EQUITY INTEREST OF APPROXIMATELY 19.9% IN XENITH IP GROUP LIMITED
- IPH INTENDS TO SEEK DISCUSSIONS WITH XENITH AND / OR QANTM IN RELATION TO AN ALTERNATIVE TRANSACTION TO CURRENT SCHEME.
- ACQUIRED INTEREST IN XENITH AT $1.85 PER SHARE AT A TOTAL COST OF APPROXIMATELY $33 MILLION WHICH HAS BEEN FUNDED FROM DEBT FACILITIES
