BRIEF-Cardno buys PPI Group for US$145 mln

March 16 (Reuters) - Cardno Ltd CDD.AX :

* Cardno acquires largest acquisition / $50M equity raising CDD.AX

* Says acquisition of the PPI Group Of Companies for US$145 million

* Says acquisition expected to be immediately earnings accretive

* Says to help fund acquisition, co raised A$50 million in equity via a

placement

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