IN BRIEF: SDI buys manufacturer of anti-static equipment Fraser
SDI Group PLC - Cambridge-based medical technology firm - Buys Fraser Anti-Static Techniques Ltd for an estimated GBP16.9 million, including around GBP3.9 million excess cash acquired. Consists of an initial consideration of GBP15.4 million, which represents a net GBP12.0 million payable in cash at completion, and a balancing payment in cash of about GBP1.5 million after completion. SDI says the acquisition is expected to be earnings enhancing in the current financial year.
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