Aug 22 (Reuters) - Xenith IP Group Ltd (XIP) :
- Xenith IP Group Ltd acquires Watermark (XIP)
- Says entered into a binding agreement to acquire the businesses and brands of Watermark Group
- Says acquisition is expected to be EPS accretive on an FY 2017 underlying basis
- Company reconfirms its FY 2016 guidance as per the asx announcement on 24 June 2016
- Estimated purchase consideration of A$19.5 million will comprise approximately 50% Xenith shares and 50% cash
