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Greencross Ltd To Acquire Strathalbyn Veterinary Clinic

Thursday, 28 Mar 2013 12:02am EDT 

Greencross Ltd announced that it has entered into an agreement to acquire the Strathalbyn Veterinary Clinic for total cash consideration, including deferred payments, to be paid for this acquisition equals $900,000. The acquisition is expected to be earnings per share accretive in the 2013 fiscal year. This transaction is subject to deferred vendor payments of approximately 20% of the total consideration for a period of up to 24 months. The vendor has entered into an employment agreement for a minimum of two years. The Strathalbyn acquisition is located in South Australia and is a well-established business that has been in operation in the area for approximately 40 years. This transaction is effective as of March 28, 2013. 

Company Quote

0.02 +0.26%
21 Nov 2014