Brief: Silk Logistics Acquires Secon Freight Logistics

Silk Logistics Holdings

04/08/2023 05:16

Aug 4 (Reuters) - Silk Logistics Holdings Ltd  SLH.AX :
    * SILK ACQUIRES SECON FREIGHT LOGISTICS, A MELBOURNE- BASED
PORT
AND BULK LOGISTICS PROVIDER
    * SILK ACQUIRES SECON FREIGHT LOGISTICS
    * ENTERED INTO A BINDING AGREEMENT TO ACQUIRE SECON FREIGHT
LOGISTICS PTY LTD
    * AGREEMENT EXPECTED TO BE EARNINGS AND EPS ACCRETIVE IN
FIRST
YEAR
    * ACQUISITION PRICE CONSISTS OF A$30 MILLION PAYABLE UPFRONT
IN
CASH, AMONG OTHERS

Source text for Eikon:  ID:nASX2XVGJ1 
Further company coverage:  SLH.AX 

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