Aug 22 (Reuters) - Xenith IP Group Ltd XIP.AX :
* Xenith IP Group Ltd acquires Watermark XIP.AX
* Says entered into a binding agreement to acquire the businesses and brands of Watermark Group
* Says acquisition is expected to be EPS accretive on an FY 2017 underlying basis
* Company reconfirms its FY 2016 guidance as per the asx announcement on 24 June 2016
* Estimated purchase consideration of A$19.5 million will comprise approximately 50% Xenith shares and 50% cash
* Source text for Eikon ID:nASXc12MS9