BRIEF-Mermaid Marine Australia says co to acquire subsidiaries of Jaya Holdings for S$625 mln

Feb 25 (Reuters) - Mermaid Marine Australia Ltd MRM.AX :

* Mermaid Marine Australia Ltd transaction announcement MRM.AX

* Deal for s$625 million in cash

* Says key Jaya management will be retained by mma

* Purchase is inclusive of about A$101 million of pro forma net cash held within Jaya subsidiaries implying enterprise value for the business of A$449

million

* Acquisition will be part funded by A$317 million equity raising

* Says co to acquire 100% of the subsidiaries of Jaya Holdings Limited

* Acquisition is expected to deliver mid-single digit EPS accretion on a pro forma basis in FY 2014

* Source text for Eikon News Search ID:nASX5m7pvK

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