Brief: Freightways To Acquire Big Chill Distribution

Freightways

30/10/2019 06:34

Oct 30 (Reuters) - Freightways Ltd  FRE.NZ :
    * ENTERED INTO A SALE & PURCHASE AGREEMENT TO ACQUIRE BIG
CHILL
DISTRIBUTION LIMITED
    * ACQUISITION INVOLVES AN INITIAL PAYMENT OF $117 MILLION
    * SYNERGIES ARE EXPECTED TO BE MINIMAL
    * DEAL EXPECTED TO DELIVER ONLY MODEST EPS ACCRETION FOR
FY20  BUT
INCREASE TO MID-SINGLE DIGIT ANNUAL EPS ACCRETION, BEFORE
SYNERGIES
    * ALL FIGURES IN NZ$

Source text for Eikon:  ID:nNZW479G9H 
Further company coverage:  FRE.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))