Brief: Silk Logistics Says Enters Into Binding Agreement To Acquire Fremantle Freight & Storage

Silk Logistics Holdings

22/07/2022 09:09

July 22 (Reuters) - Silk Logistics  SLH.AX :
    * SILK ENTERS INTO BINDING AGREEMENT TO ACQUIRE FREMANTLE
FREIGHT
& STORAGE GROUP
    * EXPECTED TO BE EARNINGS PER SHARE ACCRETIVE IN FIRST FULL
YEAR
OF OWNERSHIP
    * DEAL EXPECTED TO CONTRIBUTE POSITIVELY TO SILK'S GROUP
EARNINGS
IMMEDIATELY, BE EPS ACCRETIVE FROM FIRST YEAR OF OWNERSHIP
    * ACQUISITION PRICE CONSISTS OF A$23.6 MILLION PAYABLE
UPFRONT

Source text for Eikon:  ID:nASX6CZr6W 
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 ((Reuters.Briefs@thomsonreuters.com;))