News: CKF Collins Foods enters into binding agreement to acquire 13 KFC restaurants

May 19 (Reuters) - Collins Foods Ltd (CKF) :

• Ckf expands into NSW and Victoria with acquisition (CKF)
• Says these restaurants are being purchased from Chrikim Pty Ltd, Skeeter

  Wright Pty Ltd And Geoff Wright Corp Pty Ltd

• Has entered into a binding agreement to acquire 13 KFC restaurants located

  around the New South Wales and victorian border

• Says acquisition provides growth opportunities in New South Wales and

  Victoria

• Collins Foods will pay $25.46 million for acquisition plus acquisition costs
• Deal is immediately EPS accretive (pre-synergies)
• Acquisition consideration will comprise $10 million in Collins foods' shares