Feb 11 (Reuters) - Wattle Health Australia Ltd WHA.AX :
* DEAL FOR $46 MILLION
* ENTERED INTO A CONDITIONAL AGREEMENT TO PURCHASE AN ADDITIONAL 46% OF SHARES IN BLEND AND PACK PTY LTD
* PROPOSED B&P ACQUISITION IS INTENDED TO BE FUNDED BY WAY OF A DEBT ISSUE
* WHA IS ALSO TO ENTER INTO A PUT & CALL OPTION DEED RELATING TO AN ACQUISITION OF A FURTHER 29% INTEREST IN B&P.