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BRIEF-Pact Group acquires specialty co-manufacturer APM for A$90 million

Published 05/09/2016, 10:33 am
Updated 05/09/2016, 10:40 am
BRIEF-Pact Group acquires specialty co-manufacturer APM for A$90 million
PGH
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Sept 5 (Reuters) - Pact Group Holdings Ltd PGH.AX :

* Pact Group acquires specialty co-manufacturer apm PGH.AX

* Deal for $90 million

* Entered into an agreement to acquire specialty co-manufacturer, Australian pharmaceutical manufacturers

* Says completion is expected to occur on 16 September 2016, subject to customary conditions

* Says acquisition will be funded by $75 million of bank debt and a share issue of $15 million

* Acquisition will be EPS accretive in year one

* Says operational synergies of $1 million expected to be realised over 18 months

* Transaction costs of approximately $1M to be accounted for in FY 2017"

* Source text for Eikon

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