Sept 13 (Reuters) - JB Hi-Fi Ltd JBH.AX :
* Acquisition of the good guys - company announcement JBH.AX
* Acquisition of 100% of The Good Guys for total cash consideration of $870 million
* Deal expected to deliver net synergies of $15 - 20 million per annum to the combined business after a three year integration period
* FY 2016 pro forma EPS accretion of approximately 11.6%, pre-synergies and before transaction and implementation costs
* Acquisition will be funded through a combination of a fully underwritten, pro-rata, accelerated, renounceable entitlement offer
* Says deal expected to complete in late 2016 or early 2017
* Acquisition will be funded through a entitlement offer of approximately $394 million and $500 million from new and existing debt facilities
* August 2016 YTD consolidated total sales growth was +11.6%
* JB Hi Fi anticipates this will continue to drive sales growth in the first half of FY 2017
* JB Hi Fi reaffirms its FY 2017 JB Hi Fi sales guidance of sales of circa $4.25 billion
* Board expects to maintain the current dividend payout ratio of 65% of earnings
* "Transition is expected to result in the good guys FY 2017 sales and earnings being in line with FY 2016 results"
* Source text for Eikon ID:nASX4VWcsT
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