June 7, 2017 / 8:30 PM / 2 years ago

BRIEF-Park Lawn agrees to acquire Saber Management

June 7 (Reuters) - Park Lawn Corp:

* Park Lawn Corporation agrees to acquire saber management and announces C$60 million bought deal offering

* Park Lawn Corp - deal for ‍purchase price of approximately us$48.75 million in cash​

* Park Lawn Corp- deal expected to be immediately accretive to adjusted cash flow

* Park Lawn Corp- net proceeds from sale of common shares will be used to partially fund cash portion of acquisition

* Park Lawn Corp - ‍has reached an agreement with National Bank Financial Inc to issue 3.2 million common shares at C$19.00 per common share​

* Park Lawn Corp - ‍reached deal with National Bank Financial on behalf of underwriters, to issue 3.16 million shares at a price of C$19.00 per common share​

* Park Lawn -in addition to purchase price of approximately $48.75 million, ‍deal includes consideration of up $9.75 million in plc common shares Source text for Eikon: Further company coverage:

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