March 23, 2017 / 7:23 AM / in 7 months

BRIEF-Franchise brands plc announces proposed acquisition of Metro Rod

March 23 (Reuters) - Franchise Brands Plc:

* Says conditionally agreed for proposed acquisition of entire issued share capital of Metro Rod for consideration of 28 mln pounds

* Says intention to conduct placing to raise gross proceeds of up to about 20 mln pounds at 67 pence per ordinary share Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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