Thursday, July 5, 2007

UPDATE 1-Australia's Sonic to buy US lab for up to US$168mln

(Reuters) - The acquisition, to be funded by U.S. dollar debt, reflects
an effective earnings before interest, tax, depreciation and
amoritisation multiple of about 9.5 times, Sonic said in a
statement.




The purchase price will be US$148 million, plus up to US$20
million on achieving certain revenue growth targets and on
whether EBITDA margins are maintained in the year following the
settlement of the deal.


Read more at Reuters.com Mergers News

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