Brief: Ellex Medical Lasers Executes Deal for Sale of Ellex Lasers & Ultrasound To Lumibird Group SA

Lumibird SA

24/12/2019 01:26

Dec 24 (Reuters) - Ellex Medical Lasers Ltd  ELX.AX :
    * EXECUTION OF A BINDING SHARE SALE AND PURCHASE AGREEMENT
(SPA)
FOR SALE OF ELLEX LASERS & ULTRASOUND BUSINESS (BUSINESS)
    * DEAL VALUE FOR SALE  IS A$100 MILLION IN CASH
    * ELLEX BOARD OF DIRECTORS UNANIMOUSLY RECOMMEND TRANSACTION
    * ANNOUNCES EXECUTION OF A BINDING SHARE SALE AND PURCHASE
AGREEMENT WITH LUMIBIRD GROUP SA
    * ADDITIONALLY, LUMIBIRD WILL ALSO ASSUME OWNERSHIP OF ELLEX
MANUFACTURING FACILITY IN ADELAIDE, AUSTRALIA

Source text for Eikon:  ID:nASX7NTqbs 
Further company coverage:  ELX.AX 

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