Feb 12 (Reuters) - Joyce Corporation Ltd JYC.AX :
* UNIT ENTERED AGREEMENT TO ACQUIRE BUSINESS OF MACQUARIE AUCTION GROUP
* ACQUISITION IS EXPECTED TO BE EARNINGS ACCRETIVE
* DEAL WILL BE PAID FOR IN CASH AT 2X CURRENT EARNINGS BASIS, WITH DEAL TOTAL PAYMENTS DEFERRED BASED UPON TWO YEAR EARN-OUT BASIS