Aug 19 (Reuters) - Propel Funeral Partners Ltd PFP.AX :
* ANNOUNCES ACQUISITION OF GREGSON & WEIGHT FUNERAL DIRECTORS
* TOTAL PURCHASE PRICE PAYABLE ON COMPLETION OF PROPOSED TRANSACTION IS ABOUT $36 MILLION
* PROPOSED ACQUISITION IS EXPECTED TO INCREASE PROPEL'S ANNUALISED REVENUE BY CIRCA 11%
* PROPOSED ACQUISITION IS EXPECTED TO BE EARNINGS ACCRETIVE IN YEAR ONE