Elixinol Wellness Says Proposed Acquisition Of The Sustainable Nutrition Group

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Nov 29 (Reuters) - Elixinol Wellness Ltd:

* PROPOSED ACQUISITION OF SUSTAINABLE NUTRITION GROUP

* GROUP IS ANTICIPATED TO BENEFIT FROM POTENTIAL ANNUALISED COST SAVINGS AND IDENTIFIED SYNERGIES OF UP TO A$6.6 MILLION

* DEAL FOR 1.1225 EXL SHARES BEING ISSUED PER TSN SHARE

* TSN BOARD HAS UNANIMOUSLY RECOMMENDED THAT ALL TSN SHAREHOLDERS VOTE IN FAVOUR OF SHARE SCHEME

* WILL ALSO PROVIDE LOAN FUNDING OF UP TO A$2 MILLION TO TSN'S OPERATING UNIT Source text for Eikon: Further company coverage:



 


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