June 25 (Reuters) - Australian Pharmaceutical Industries Ltd API.AX :
* ENTERED BINDING AGREEMENTS TO ACQUIRE ASSETS OF CLEARSKINCARE CLINICS FOR $127.4 MILLION
* CO WILL INITIALLY ACQUIRE 50.1% INTEREST IN CLINIC BUSINESS & WILL TAKE 100% OWNERSHIP OF SKINCARE PRODUCTS BUSINESS
* API EXPECTS IMPACT OF ACQUISITION TO BE EPS POSITIVE IN FY19
* DEAL TO BE FUNDED THROUGH A NEW MEDIUM TERM FACILITY OF $65 MILLION