Brief: Guerbet Announces Acquisition Of Accurate Medical Therapeutics

Guerbet SA

08/01/2018 16:48

Jan 8 (Reuters) - GUERBET SA  GRBT.PA : 
    * ANNOUNCES ACQUISITION OF ACCURATE MEDICAL THERAPEUTICS 
    * TO ACQUIRE 100% OF ACCURATE'S SHARES WITH AN INITIAL PAYMENT OF  19.5 MILLION AND 
ADDITIONAL 
PAYMENTS SPREAD OVER SEVERAL YEARS 
    * TOTAL AMOUNT OF THE ACQUISITION MAY NOT EXCEED 57 MILLION EUROS 
    * OPERATION IS EXPECTED TO START GENERATING REVENUE AT THE END OF 2018 AND TO BE ACCRETIVE 
AS OF 
THE 4TH QUARTER OF 2019 
    * ACCURATE WILL RETAIN ITS STRUCTURE IN ISRAEL AND CONTINUE TO BE LED BY ITS CO-FOUNDER AND 
CEO, 
ERAN MILLER 
 
Source text for Eikon:  ID:nGNE6HQmzy  
Further company coverage:  GRBT.PA  
 
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