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BRIEF-Easton Investments to acquire majority interest in GPS IP Group Holdings
June 26, 2017 / 7:46 AM / 6 months ago

BRIEF-Easton Investments to acquire majority interest in GPS IP Group Holdings

June 26 (Reuters) - Easton Investments Ltd:

* Important strategic acquisition

* ‍Formal, conditional agreement has been reached to acquire a majority interest in GPS IP Group Holdings Limited​

* Maximum consideration payable for GPS will be $20.0 million

* Additional cost synergies are expected to be achieved during 2017/18, increasing earnings rate to $3.0 million in following FY

* Consideration is to be satisfied by 50% cash and 50% easton shares Source text for Eikon: Further company coverage:

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