April 12 (Reuters) - Iph Ltd (IPH) :
- XENITH IP GROUP AND IPH LIMITED ENTER INTO SCHEME IMPLEMENTATION DEED
- SAYS XENITH BOARD UNANIMOUSLY RECOMMENDS UPDATED IPH PROPOSAL
- XENITH SHAREHOLDERS WILL RECEIVE 'STANDARD CONSIDERATION' OF $1.28 CASH AND 0.1261 IPH SHARES FOR EVERY 1 XENITH SHARE
- SAYS XENITH SHAREHOLDERS WILL RECEIVE 'STANDARD CONSIDERATION' OF $1.28 CASH AND 0.1261 IPH SHARES FOR EVERY 1 XENITH SHARE
- SAYS IPH TO BUY SHARES IN XENITH THAT IT DOESN'T ALREADY OWN FOR A COMBINATION OF CASH AND SHARES VALUED AT $2.15/XENITH SHARE
- UPDATED IPH PROPOSAL VALUES EQUITY OF XENITH AT ABOUT $191 MILLION, WITH AN IMPLIED ENTERPRISE VALUE OF APPROXIMATELY $207 MILLION
- DEAL IMMEDIATELY EPS ACCRETIVE TO CO EARNINGS
