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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Photo-me International Plc | LSE:PHTM | London | Ordinary Share | GB0008481250 | ORD 0.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 107.00 | 107.00 | 107.50 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
LONDON--Photo-Me International PLC (PHTM.LN) on Tuesday said it will acquire the photo division of U.K. supermarket chain Asda Stores Ltd., for around 5.4 million pounds ($7.07 million) in cash and stock plus certain commission payments.
The photo booth operator said the business consists of 191 photo centers and 172 self-service kiosk sites located across Asda stores. The business will be managed by Photo-Me under a ten-year concession agreement with Asda.
Photo-Me expects the deal to be earnings-enhancing in the medium term and has retained its views for the current financial year.
The acquisition is anticipated to complete on Oct. 31. Asda Stores is a unit of Wal-Mart Stores Inc. (WMT).
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
August 23, 2016 02:43 ET (06:43 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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