March 21 (Reuters) - Tox Free Solutions Ltd TOX.AX :
* Asx release strategic acquisition in NSW TOX.AX
* Signed a binding agreement under which toxfree will acquire 100% of shares in worth corporation pty ltd for $70 million
* Acquisition is expected to deliver EPS accretion in FY 2016 of 13% excluding synergies on full year pro forma adjusted basis
* Acquisition is payable 100% in cash
* Toxfree also intends to offer a share purchase plan (spp) to retail shareholders to raise a maximum of $4.0 million
* Deal to be funded by fully underwritten institutional placement for $20.0 million and syndicated debt facility
* Source text for Eikon ID:nASX7YQrfg