June 26 (Reuters) - Easton Investments Ltd (EAS) :
- Important strategic acquisition
- Formal, conditional agreement has been reached to acquire a majority interest in GPS IP Group Holdings Limited
- Maximum consideration payable for GPS will be $20.0 million
- Additional cost synergies are expected to be achieved during 2017/18, increasing earnings rate to $3.0 million in following FY
- Consideration is to be satisfied by 50% cash and 50% easton shares
