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BRIEF-Panorama Synergy says will acquire business of Hydrix Group Pty Ltd
September 5, 2017 / 10:07 AM / 16 days ago

BRIEF-Panorama Synergy says will acquire business of Hydrix Group Pty Ltd

Sept 5 (Reuters) - Panorama Synergy Ltd

* Entered into a binding agreement to acquire business of Hydrix Group Pty Ltd and its related bodies corporate

* Will fully fund cash component of consideration via a new $2.5 million loan facility

* Consideration payable by psy for acquisition will be a combination of up to $2 million cash and issue of 50 million new psy shares

* Deal will be immediately earnings accretive and cashflow positive to PSY Source text for Eikon: Further company coverage:

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