June 13 (Reuters) - Tasfoods Ltd TFL.AX :
* COMPLETES DUE DILIGENCE ON ACQUISITION MILK PROCESSING ASSETS AND BRANDS OF BETTA MILK CO-OPERATIVE SOCIETY LIMITED
* SHAREHOLDERS OF BETTA MILK VOTED TO APPROVE SALE
* WILL LAUNCH NON-RENOUNCEABLE RIGHTS ISSUE AT AN ISSUE PRICE OF $0.12 PER NEW FULLY PAID ORDINARY TASFOODS SHARE TO RAISE ABOUT $8 MILLION
* COST OF ACQUISITION WILL BE ABOUT $11.2 MILLION IN CASH
* ACQUISITION WILL ADD TO TASFOODS' EXPECTED POSITIVE EBITDA FROM EXISTING OPERATIONS IN FY2019