Brief: SRG Global Says Entered Binding Documentation To Acquire ALS Industrial

SRG Global

16/02/2023 01:22

Feb 16 (Reuters) - SRG Global  SRG.AX :
    * ENTERED BINDING DOCUMENTATION TO ACQUIRE 100% OF ALS
INDUSTRIAL
PTY LTD (ALS ASSET CARE) FOR A$80M ON CASH-FREE, DEBT-FREE BASIS
    * ACQUISITION WILL BE FUNDED THROUGH UP TO A$51.4 MILLION
EQUITY
RAISED VIA PLACEMENT FOR A$46.4M AND SHARE PURCHASE PLAN FOR UP
TO A$5M
    * TRANSACTION EXPECTED TO BE ACCRETIVE ON AN FY23E EPS BASIS
    * TRANSACTION EXPECTED TO BE MARGIN ACCRETIVE ON A PRO FORMA
FY23E
BASIS

Source text for Eikon:  ID:nASX5ndqj7 
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