BRIEF-Arowana International says acquisition of Quantum Education Group

Mon, 17 Feb - 7:41am

Feb 17 (Reuters) - Arowana International Ltd AWN.AX :

* Acquisition of Quantum Education Group AWN.AX

* Unit has entered into conditional agreements to purchase 100% of the shares

of quantum education group limited

* Based on current available information, the estimated total cost of the

acquisition including transaction costs is between NZ$56 million and NZ$62

million

* Intends to fund acquisition through combination of existing cash reserves and

additional debt and/or equity

* Acquisition expected to be immediately earnings per share and cashflow per

share accretive to awn following completion

* Source text for Eikon News Search ID:nASX4zFHHc

((For more news, please click here AWN.AX )) ((Bangalore Newsroom; +91 80 6749 1130))

URN: 
urn:newsml:reuters.com:20140216:nWNBS00BOM:8
Topics: 
CYCP RES HBLD FINS CYCS AU SOCI CMPNY EDU CONS BLR ASIA DEAL1 LEN RTRS MRG INVT BACT GEN RESF BLD REGS

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