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HRL Holdings will buy New Zealand-based Analytica Laboratories for NZ$30 million (A$27.4m) reports The Australian.
The consideration is comprised of NZ$19m upfront consideration in cash (70%) and scrip (30%), and cash earn-out up to NZ$11m.
Upfront consideration of purchase price and additional growth capital will be funded by an institutional placement of A$15 million.
| A News.com.au. release || October 18, 2017 |||
Palace of the Alhambra, Spain
By: Charles Nathaniel Worsley (1862-1923)
From the collection of Sir Heaton Rhodes
Oil on canvas - 118cm x 162cm
Valued $12,000 - $18,000
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Mount Egmont with Lake
By: John Philemon Backhouse (1845-1908)
Oil on Sea Shell - 13cm x 14cm
Valued $2,000-$3,000
Offers invited over $1,500
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