January 8, 2018 / 4:59 PM / 13 days ago

BRIEF-Guerbet Announces Acquisition Of Accurate Medical Therapeutics

Jan 8 (Reuters) - GUERBET SA:

* ANNOUNCES ACQUISITION OF ACCURATE MEDICAL THERAPEUTICS

* TO ACQUIRE 100% OF ACCURATE‘S SHARES WITH AN INITIAL PAYMENT OF € 19.5 MILLION AND ADDITIONAL PAYMENTS SPREAD OVER SEVERAL YEARS

* TOTAL AMOUNT OF THE ACQUISITION MAY NOT EXCEED 57 MILLION EUROS

* OPERATION IS EXPECTED TO START GENERATING REVENUE AT THE END OF 2018 AND TO BE ACCRETIVE AS OF THE 4TH QUARTER OF 2019

* ACCURATE WILL RETAIN ITS STRUCTURE IN ISRAEL AND CONTINUE TO BE LED BY ITS CO-FOUNDER AND CEO, ERAN MILLER Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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