Dec 12 (Reuters) - Propel Funeral Partners Ltd (PFP) :
- TO BUY DILS FUNERAL SERVICES, SCHNAPPER ROCK CREMATIONS, ROWLEY FUNERAL SERVICES, MARTIN WILLIAMS FUNERAL DIRECTORS
- TOTAL PURCHASE PRICE PAYABLE ON COMPLETION INCLUDES ABOUT NZ$17.1 MILLION IN CASH
- TOTAL PURCHASE PRICE INCLUDES 1.2 MILLION ORDINARY SHARES IN CAPITAL OF PROPEL TO BE ISSUED AT A$2.64 EACH
- ACQUISITIONS ARE EXPECTED TO INCREASE PROPEL'S ANNUAL REVENUE BY ABOUT 7%
- ALSO UP TO NZ$1.25 MILLION IN CASH WILL BE PAYABLE IF CERTAIN FINANCIAL MILESTONES ARE ACHIEVED DURING 3YRS FOLLOWING COMPLETION
- PROPOSED ACQUISITIONS ARE EXPECTED TO BE EARNINGS ACCRETIVE IN YEAR ONE
- PROPEL WILL ALSO LEASE AN OFFICE SITUATED AT MANGERE LAWN CEMETERY IN AUCKLAND, FROM A THIRD PARTY LANDLORD
Source text (http//reut.rs/2Bbgkq9)
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Dec 12 (Reuters) - Propel Funeral Partners Ltd (PFP) : TO BUY...
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