Brief: Probiotec Says Acquisition Of H&H Packaging

Probiotec

28/06/2021 02:47

June 28 (Reuters) - Probiotec Ltd  PBP.AX :
    * ACQUISITION OF H&H PACKAGING-PBP.AX
    * AGREED TO ACQUIRE ASSETS AND BUSINESS OF H&H PACKAGING FOR
TOTAL
CASH PROCEEDS OF (UP TO) $4 MILLION
    * H&H IS EXPECTED TO GENERATE REVENUE AND EBITDA OF ABOUT $6
MILLION AND $1 MILLION RESPECTIVELY FOR 12 MONTHS ENDED 30 JUNE
    * ACQUISITION IS EXPECTED TO BE IMMEDIATELY EPS ACCRETIVE
(PRE-SYNERGIES) FROM COMPLETION

Source text for Eikon:  ID:nASX4KklPF 
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