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News: IPH IPH Announces Acquisition Of 19.9 Pct Stake In Xenith IP Group

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    Feb 13 (Reuters) - IPH Ltd (IPH) :

    • ANNOUNCES ACQUISITION OF A STAKE IN XENITH
    • HAS ACQUIRED AN EQUITY INTEREST OF APPROXIMATELY 19.9% IN XENITH IP GROUP LIMITED
    • IPH INTENDS TO SEEK DISCUSSIONS WITH XENITH AND / OR QANTM IN RELATION TO AN ALTERNATIVE TRANSACTION TO CURRENT SCHEME.
    • ACQUIRED INTEREST IN XENITH AT $1.85 PER SHARE AT A TOTAL COST OF APPROXIMATELY $33 MILLION WHICH HAS BEEN FUNDED FROM DEBT FACILITIES
 
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