April 8 (Reuters) - IPH Ltd (IPH) :
- SUBMITS REVISED PROPOSAL TO ACQUIRE XENITH IP
- SUBMITTED A REVISED PROPOSAL TO ACQUIRE XENITH IP GROUP LIMITED FOR A COMBINATION OF CASH AND IPH SHARES VALUED AT $2.15 PER XENITH SHARE
- SAYS PROPOSED DEAL WILL BE IMMEDIATELY ACCRETIVE TO IPH EARNINGS; TRANSACTION WILL BE FUNDED BY EXISTING DEBT FACILITIES & ISSUANCE OF SHARES
- UNDER REVISED IPH PROPOSAL, XENITH SHAREHOLDERS WILL RECEIVE 'STANDARD CONSIDERATION' OF $1.28 CASH AND 0.1261 IPH SHARES FOR EVERY XENITH SHARE
Source: (http://bit.ly/2KrsTFE)
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