Brief: Good Spirits Hospitality Agrees To Buy Nourish Group
14/11/2021 19:36
Nov 15 (Reuters) - Good Spirits Hospitality Ltd GSH.NZ :
* GOOD SPIRITS HOSPITALITY LTD - GOOD SPIRITS HOSPITALITY AGREES TO ACQUIRE
NOURISH GROUP
* GOOD SPIRITS HOSPITALITY LTD - BASE PURCHASE PRICE IS ABOUT NZ$21.3MILLION
CASH
* GOOD SPIRITS HOSPITALITY LTD - FULL PURCHASE PRICE WILL BE FUNDED THROUGH
A
COMBINATION OF CASH, NEW DEBT AND BALANCE THROUGH EQUITY PLACEMENT
* GOOD SPIRITS HOSPITALITY LTD - OVERALL TRANSACTION WILL LOWER GSH'S
CURRENT DEBT
GEARING RATIO
Source text for Eikon: ID:
Further company coverage: GSH.NZ
((Reuters.Briefs@thomsonreuters.com;))
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