Nov 25 (Reuters) - Xenith Ip Group Ltd (XIP) :
- Entered into a binding agreement to acquire Griffith Hack
- Deal for total upfront consideration of $152.0 mln
- Acquisition is targeted to deliver pre-tax cost synergies by year of $4.0 mln - $6.0 mln
- Cash component of acquisition consideration will be funded by $67.5 mln 1-for-1.33, pro-rata, non-renounceable entitlement offer
- Cash component of acquisition consideration will also be funded by $21.8 mln by way of amended secured debt facilities
- Xenith IP Group Ltd to acquire Griffith Hack
