Brief: TIL Logistics Group Acquires Heavy Haulage And Specialised Freight Group

Move Logistics

03/10/2018 22:57

Oct 4 (Reuters) - TIL Logistics Group Ltd  TLL.NZ :
    * ACQUIRES HEAVY HAULAGE AND SPECIALISED FREIGHT GROUP
    * DEAL FOR NZ$19 MILLION PURCHASE PRICE
    * EXPECTS ACQUISITION TO BE IMMEDIATELY EARNINGS PER SHARE
(EPS)
ACCRETIVE
    * OF NZ$19 MILLION PURCHASE PRICE, NZ$4 MILLION TO BE PAID
VIA 
ISSUE OF NEW TIL LOGISTICS SHARES AT ISSUE PRICE OF NZ$1.50 PER
SHARE

Source text for Eikon:  ID:nNZW7qdPK6 
Further company coverage:  TLL.NZ 

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