• Without prejudice

    We all need to fight the ugly bigotry that’s made news recently, says Mandi Smallhorne.

  • Inside Labour

    The Davos extravaganza is slick PR and no UN-style institution, says Terry Bell.

  • 2015 Gadget preview

    Arthur Goldstuck presents gadgets to connect 2015 to the past and future.

Loading...
See More

Canadian firm to buy stake in Litha

Feb 22 2012 07:30 Reuters

Company Data

LITHA HEALTHCARE GROUP LIMITED [JSE:LHG]

Last traded 0
Change -0,02
% Change 0
Cumulative volume 2912
Market cap 1.52bn

Last Updated: 26-01-2015 at 12:26. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Litha up after cautionary

Litha extends global reach

Litha posts healthy earnings rise

Litha Healthcare acquires balance of shares

Litha Healthcare ups revenues

Litha earnings up after acquisition

 
PALADIN Labs said on Tuesday  it plans to buy a near 45% stake in South Africa’s Litha Healthcare Group [JSE:LHG] in a complex deal to expand its footprint in the region.

The deal will see Paladin speed up its buyout of the near 55% of Pharmaplan it does not currently own. It will then sell the business to Litha in a cash-and-stock deal.

Pharmaplan provides marketing and sales services for small to mid-sized drug makers in South Africa and other sub-Saharan territories.

Litha will issue 169.1 million shares at R2.75 apiece to buy Pharmaplan, but Paladin did not specify the cash part of the deal. Paladin also agreed to buy an additional 73 million Litha shares from Blackstar Group at the same price.

Paladin said it expects to spend C$48m in cash and issue 88 948 shares at C$44.97 each to complete the combined transactions, which will make it Litha’s single largest shareholder.

The deal is expected to be accretive to Paladin’s earnings before interest, taxes, depreciation, and amortisation immediately upon closing, the Canadian company said in a statement.

NEXT ON FIN24X

 

Latest Articles

15 Investment Tips for 2015 Read More...
Tax-free saving accounts are coming Read More...
Which generator is right for you? Read More...
5 top tips to help you save on your next grocery bill Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...