June 28 (Reuters) - Baylin Technologies Inc BYL.TO :
* BAYLIN ANNOUNCES STRATEGIC ACQUISITION OF ALGA MICROWAVE INC. AND $35 MILLION BOUGHT DEAL OFFERING
* BAYLIN TECHNOLOGIES INC - DEAL EXPECTED TO BE ACCRETIVE TO 2018 EARNINGS PER SHARE
* BAYLIN TECHNOLOGIES INC - BAYLIN IS TO PURCHASE ALL OF OUTSTANDING SHARES OF ALGA, THROUGH A UNIT, FOR UP-FRONT CONSIDERATION OF $25.0 MILLION
* BAYLIN TECHNOLOGIES INC - TO ACQUIRE ALL OF ISSUED AND OUTSTANDING SHARES OF ALGA MICROWAVE INC FOR TOTAL CONSIDERATION OF $27 MILLION