Jan 29 (Reuters) - Emeco Holdings Ltd EHL.AX :
* EMECO TO ACQUIRE 100% OF PIT N PORTAL FOR $72 MILLION
* DEAL IS EPS ACCRETIVE ON AN FY19 PRO FORMA BASIS POST TRANSACTION
* UNAUDITED 1H20 OPERATING EBITDA OF $119 MILLION
* ACQUISITION TO BE PRIMARILY FUNDED BY FULLY UNDERWRITTEN PRO-RATA ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE ABOUT $65 MILLION
* REMAINS ON TRACK TO ACHIEVE GUIDED LEVERAGE OF 1.5X IN FY20
* 1H20 REVENUE $246 MILLION, UP 10%
* ALL SHARES OFFERED UNDER ENTITLEMENT OFFER WILL BE ISSUED AT A PRICE OF $2.07 PER NEW SHARE
* CASH FLOW IS EXPECTED TO SIGNIFICANTLY IMPROVE IN 2H20