CKF 0.83% $8.51 collins foods limited

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

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    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
                        
 
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