November 28, 2017 / 7:53 AM / 20 days ago

BRIEF-Long4life Ltd ‍concludes agreement to acquire Chill Holdings Proprietary Ltd

Nov 28 (Reuters) - LONG4LIFE LTD:

* ‍ACQUISITION BY LONG4LIFE OF CHILL HOLDINGS PROPRIETARY LIMITED​

* ‍CONCLUDED AN AGREEMENT TO ACQUIRE, WITH EFFECT FROM 1 JULY 2017 (LOCKED-BOX DATE), ENTIRE ISSUED SHARE CAPITAL OF CHILL ​

* ‍PURCHASE CONSIDERATION WILL BE DETERMINED BY REFERENCE TO ACTUAL EBITDA ACHIEVED BY CHILL FOR YEAR ENDING 30 JUNE 2018 (FY2018)​

* ‍MINIMUM PURCHASE CONSIDERATION FOR ENTIRE ISSUED SHARE CAPITAL OF CHILL IS R452 MILLION, AFTER DEDUCTING NET DEBT OF R182 MILLION​

* ‍PURCHASE CONSIDERATION WILL BE ADJUSTED UPWARDS BY 7.05X FOR EACH RAND OF FY2018 EBITDA ACHIEVED​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below