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BRIEF-Probiotec to acquire all of issued shares of South Pack Laboratories
September 20, 2017 / 9:32 AM / in 2 months

BRIEF-Probiotec to acquire all of issued shares of South Pack Laboratories

Sept 20 (Reuters) - Probiotec Ltd

* Entered into an agreement to acquire all of issued shares of South Pack Laboratories (Aust) Pty Ltd​

* Initial cash component of $6 mln will be funded through an increase in Probiotec’s current debt facilities

* Acquisition will be settled by way of an issue of 7.9 million fully paid ordinary pbp shares

* Acquisition is expected to be EPS accretive from completion

* SPL will continue to operate within its current production facility

* Acquisition will also be settled by a cash payment of $8 mln Source text for Eikon: Further company coverage:

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