Oct 11 (Reuters) - Ooh!Media Ltd OML.AX :
* Ooh! to acquire executive channel network & capital raise
* Has entered into an agreement to acquire 100% of share capital of Executive Channel International Pty Ltd (ECN) for $68.5 million
* Acquisition is expected to be approximately 3% eps accretive in CY2017
* Acquisition and associated transaction costs and integration costs will be funded by a combination of debt and equity
* ECN is forecast to contribute over $8 million of EBITDA to ooh! in CY2017
* Forecast post transaction net debt / CY2016 pro forma EBITDA ratio of about 1.7x3
* Ooh! reconfirms cy2016 guidance provided on 23 august 2016
* Guidance excludes impact of acquisition that is expected to complete by end of october 2016
* To extent that actual results are materially different to underlying assumptions, quantum of synergies will vary
* Ooh! is undertaking a fully underwritten placement to raise $60 million to partially fund acquisition of ecn. Source text for Eikon: ID:nASX7nz0Sg Further company coverage: OML.AX