LandMark White Limited (ASX:LMW) offered to acquire Taylor Byrne Holdings Pty Ltd for AUD 10.4 million on October 8, 2018. Consideration for the transaction will be paid in the form of cash of AUD 5.15 million and 8.58 million fully paid ordinary shares in LandMark White. The consideration shares will be subject to voluntary escrow arrangements, under which 25% of the consideration shares will be released at the expiry of consecutive periods of 6 months, the first of which will commence on the first anniversary of completion. A total of 129.7 million shares will be acquired as part of the deal. Under the offer, each Taylor Byrne shareholder will be issued with one consideration share for every 15.11 Taylor Byrne shares. Consideration shares of the value of AUD 1 million will remain in escrow for a period concluding on the second anniversary of completion. The cash component of the acquisition consideration will be funded out of existing cash reserves and financing facilities from a major Australian bank. Completion of the offer is conditional on the execution and completion of the sale and purchase agreement. The offer will run from October 8, 2018 and will close on October 15, 2018. Enrizen Capital Pty Limited acted as financial advisor to LMW and will be issued 0.44 million shares as consideration. Jacqui Barrett, Jonathon Wood, Paul Simos of Hall & Wilcox Lawyers acted as legal advisor to LandMark White Limited (ASX:LMW). LandMark White Limited (ASX:LMW) completed the acquisition of Taylor Byrne Holdings Pty Ltd on October 15, 2018.