IPH Limited (ASX:IPH) revealed that AJ Park has reached an agreement for the acquisition of New Zealand based Baldwins Intellectual Property.
It is noteworthy to mention that for this acquisition, IPH has received approval from Bell Potter.
The total purchase consideration for the acquisition is almost AUD 7.4 million that also included deferred consideration of nearly AUD 0.4 million.
Poste announcement, IPH quoted at AUD 7.855 going up by 4.873% at AEST 1:48 PM on 11 June 2020.
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