Nov 26 (Reuters) - Bega Cheese Ltd BGA.AX :
* BEGA ACQUIRES LION DAIRY & DRINKS AND LAUNCHES CAPITAL RAISE-BGA.AX
* ENTERED INTO A BINDING SHARE SALE AND PURCHASE AGREEMENT TO ACQUIRE ALL OF SHARES IN LION DAIRY & DRINKS
* DEAL FOR $534 MILLION
* UNDERTAKING CAPITAL RAISING AT OFFER PRICE OF $4.60 PER SHARE TO RAISE ABOUT $401 MILLION
* ACQUISITION TO BE FUNDED BY COMBINATION OF NEW, EXTENDED DEBT FACILITIES, PROCEEDS FROM $401 MILLION UNDERWRITTEN ENTITLEMENT OFFER, PLACEMENT
* SEES DOUBLE DIGIT EPS ACCRETION IN FY22 FROM ACQUISITION
* NEW SHARES OFFERED UNDER CAPITAL RAISING WILL BE ISSUED AT FIXED PRICE OF $4.60 PER NEW SHARE