Sept 25 (Reuters) - Iress Ltd IRE.AX :
* Iress acquires financial synergy IRE.AX
* Has entered into an agreement to acquire financial synergy
* Transaction is expected to be more than 2% EPS accretive in 2017
* Says total purchase price of up to A$90 million
* Says the proceeds of the placement will be used to fund the financial synergy
acquisition.
* Launching a fully underwritten institutional placement of approximately 7.49
million shares
* Says placing to raise approximately A$85 million
* Says the acquisition will be funded through the equity raising
Source text for Eikon ID:nASX26xm53