PGH 0.62% 80.0¢ pact group holdings ltd

News: PGH Pact Group acquires specialty co-manufacturer APM for A$90 million

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    Sept 5 (Reuters) - Pact Group Holdings Ltd (PGH) :

    • Pact Group acquires specialty co-manufacturer apm (PGH)
    • Deal for $90 million
    • Entered into an agreement to acquire specialty co-manufacturer, Australian pharmaceutical manufacturers
    • Says completion is expected to occur on 16 September 2016, subject to customary conditions
    • Says acquisition will be funded by $75 million of bank debt and a share issue of $15 million
    • Acquisition will be EPS accretive in year one
    • Says operational synergies of $1 million expected to be realised over 18 months
    • Transaction costs of approximately $1M to be accounted for in FY 2017"
                        
 
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