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BRIEF-Baylin Announces Acquisition Of Alga Microwave, $35 Mln Bought Deal Offering

Published 2018-06-28, 08:16 a/m
© Reuters.  BRIEF-Baylin Announces Acquisition Of Alga Microwave, $35 Mln Bought Deal Offering
BYL
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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

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