November 29, 2017 / 1:24 AM / in 17 days

BRIEF-Appen To Acquire Leapforce & Launch Capital Raising

Nov 29 (Reuters) - Appen Ltd:

* ASX ALERT-APPEN TO ACQUIRE LEAPFORCE & LAUNCH CAPITAL RAISING-APX.AX

* CO TO BUY LEAPFORCE AND RATERLABS FOR US$80.0 MILLION

* ACQUISITION EXPECTED TO BE 35 PERCENT EPS ACCRETIVE ON AN UNDERLYING BASIS‍​

* APPEN-TO FUND DEAL PLUS TRANSACTION FEES AND WORKING CAPITAL VIA SHARES ISSUED TO LEAPFORCE VENDORS OF US$16 MILLION, NEW DEBT FACILITIES OF A$72.6 MILLION ‍​ Source text for Eikon: Further company coverage:

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