Aug 30 (Reuters) - QMS Media Ltd (QMS) :
- REACHED AN AGREEMENT IN PRINCIPLE TO ACQUIRE MAJORITY INTEREST OF TGI SYSTEMS CORP AND TGI EUROPE GMBH
- TOTAL INVESTMENT BY QMS OF $40 MILLION TO BUY 90% STAKE IN TGI AND TGIE
- ON A 12 MONTH PRO-FORMA BASIS, ACQUISITIONS ARE EXPECTED TO CONTRIBUTE EBITDA OF BETWEEN $7-8 MILLION BEFORE MINORITIES FOR FY19
- ACQUISITIONS EXPECTED TO CONTRIBUTE EBITDA OF BETWEEN $7-8 MILLION BEFORE MINORITIES FOR FY19
- TRANSACTION IS EXPECTED TO BE EPS ACCRETIVE FOR QMS SHAREHOLDERS IN FY19
- TRANSACTION EXPECTED TO FORMALLY COMPLETE IN LAST QUARTER OF THIS CALENDAR YEAR
