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BRIEF-OrotonGroup updates on strategic investment in The Daily Edited
March 26, 2017 / 10:39 PM / 6 months ago

BRIEF-OrotonGroup updates on strategic investment in The Daily Edited

March 27 (Reuters) - Orotongroup Ltd:

* Asx alert-Orotongroup strategic investment in The Daily Edited-ORL.AX

* Agreed to purchase about 30% in daily edited for $4.5 million comprising a combination of cash and Orotongroup shares

* “The investment is expected to be immediately accretive with double-digit eps accretion forecast for FY18” Source text for Eikon: Further company coverage:

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