Brief: IPH Says Robic Will Join Iph Group For Consideration Of AUD 124M

IPH

21/11/2023 01:42

Nov 21 (Reuters) - IPH Ltd  IPH.AX :
    * ROBIC WILL JOIN IPH GROUP FOR CONSIDERATION OF AUD 124M
    * REACHED AGREEMENT TO ACQUIRE INTELLECTUAL PROPERTY AGENCY
PRACTICE OF CANADIAN IP SERVICES FIRM ROBIC
    * TRANSACTION IS EXPECTED TO BE UNDERLYING EPS ACCRETIVE IN
FIRST
FULL YEAR OF OWNERSHIP
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN MID DECEMBER
    * TRANSACTION CONSIDERATION WILL BE FUNDED FROM IPH DEBT
FACILITIES, ISSUANCE OF IPH SHARES TO VENDORS OF ROBIC, AMONG
OTHERS

Source text for Eikon:  ID:nASX4pstg0 
Further company coverage:  IPH.AX 

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