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Greencross Ltd Acquires Two Veterinary Businesses

Friday, 2 Aug 2013 12:57am EDT 

Greencross Ltd announced that it has entered into an agreement to acquire two new veterinary businesses. Total cash consideration, including deferred payments, to be paid for the combined acquisitions equals $1.24 Million. The businesses are expected to deliver annualised revenue and EBIT of $2 Million and $0.45 Million respectively. The acquisitions are expected to be earnings per share accretive in the 2014 fiscal year. The transactions are subject to deferred vendor payments for a period of up to 24 months. Both transactions were effective as of the August 1, 2013. 

Company Quote

-0.02 -0.29%
9:08pm EDT