Aug 15 (Reuters) - Pact Group Holdings Ltd (PGH) :
- ANNOUNCES ACQUISITION OF TIC RETAIL ACCESSORIES
- DEAL FOR $122 MILLION
- ACQUISITION IS EXPECTED TO BE EPS ACCRETIVE IN YEAR ONE
- ACQUISITION WILL BE FUNDED BY CASH OF $62 MILLION AND AN ISSUE OF $60 MILLION OF SHARES TO VENDORS
- PACT GROUP-AGREEMENT CONTAINS PROVISIONS FOR EARN-OUT PAYMENTS OF UP TO $30 MILLION, PAYABLE ON DELIVERY OF SPECIFIC FINANCIAL HURDLES FOR FY 2019, 2020
