March 21 (Reuters) - Tox Free Solutions Ltd (TOX) :
- Asx release strategic acquisition in NSW (TOX)
- Signed a binding agreement under which toxfree will acquire 100% of shares in worth corporation pty ltd for $70 million
- Acquisition is expected to deliver EPS accretion in FY 2016 of 13% excluding synergies on full year pro forma adjusted basis
- Acquisition is payable 100% in cash
- Toxfree also intends to offer a share purchase plan (spp) to retail shareholders to raise a maximum of $4.0 million
- Deal to be funded by fully underwritten institutional placement for $20.0 million and syndicated debt facility
